That seems like a solid strategy. Just watch the gap! (Shares could open much
higher or lower tomorrow morning, breaking through any 15-cent stop).

There's nothing wrong with trading, as long as you don't confuse it with
investing.

I guess hearing that, I am putting a moving trigger on it. If it moves 15 cents
lower at anytime it will sell. Thanks for the input.

The company of GM will survive....but there will be some sort of bankruptcy
event. I wouldn't buy the stock.

GM is a company that doesn't appear to have a future that doesn't involve
massive help from the federal government. Most investors believe the only reason
it won't go bankrupt is as a result of this intervention. As a result, it's
difficult to place a confident value on the common stock.

It may not be company-specific news, but GM isn't the only stock in the market
that fits the above description. These stocks are benefitting from renewed hope
that government efforts will allow these entities to remain in existence as
private entities, rather than as "wards of the state." The fate of GM
is in the hands of the government, and since Friday there's been an improvement
in sentiment toward the government's ability to save these and let the stock be
worth something (as opposed to $0).

Looking at the chart, shares of GM look like they'll run into resistance as the
head to $3.