Surprise--GM stock rises after report

So, what other time have you heard of a company that posts a 3 billion dollar loss and then the company's stock goes up almost 13%? Well, in the case of a "lesser of two evils" that General Motors has, the 3.3 billion dollar loss was actually LESS than what the projections were. So, bottom feeders thought they could jump on the stock today. So is that really a good move?

GM blamed much of its negative profit margin on the slowing of North American sales and the truck market declining sharply. It's no surprise that with Oil reaching record highs almost every day that people are not going to be apt to spend more money on cars, and especially gaz-guzzlers like trucks. But how far have we fallen where things like this are actually looked at as signs of "good" things to invest in?

To me, the car market has yet to hit bottom. While there has been obvious intent on expanding into areas where the saturation is not nearly as it is in more developed places, I don't think that the timing and end result of profit and what not is nearly enough to make up for the continual drop of sales in its mainstay areas; and like other companies, the gap between Honda and Toyota and American car makers continues to widen, which again speaks to public sentiment as well as just overall economy with such cars. So, bottom feeders beware, you may end up being a bag holder before all is said and done with this situation.

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Surprise--GM stock rises after report

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