teletuna's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/239334/comments http://seekingalpha.com/article/93715-three-reasons-solar-sell-off-may-be-in-early-innings?source=feed#comment-244568 244568 Wed, 03 Sep 2008 11:55:42 -0400 http://seekingalpha.com/article/93701-solar-and-oil-part-deux?source=feed#comment-244549 244549 STP).

In the case of STP in particular, it is simply forming a basic 1-2-3 pattern with higher lows at about 36, 42, and 44. Provided that it bounces off the latter resistance level, which I believe it will, it is likely to penetrate the upper limit of about 48. Once that occurs, shorts will quickly cover and drive the stock up. You can see the next level of resistance for yourself!]]> Wed, 03 Sep 2008 11:42:01 -0400 STP).

In the case of STP in particular, it is simply forming a basic 1-2-3 pattern with higher lows at about 36, 42, and 44. Provided that it bounces off the latter resistance level, which I believe it will, it is likely to penetrate the upper limit of about 48. Once that occurs, shorts will quickly cover and drive the stock up. You can see the next level of resistance for yourself!]]> http://seekingalpha.com/article/89260-is-one-automaker-default-almost-a-sure-thing?source=feed#comment-224256 224256 BrianZach is correct. In addition to employees of the big 3, think of the number of employees working for suppliers depending upon domestic auto manufacturers, families, neighbors, businesses supported by these people, etc. This compounds the overall impact of a bankruptcy.

weiwentg points out the potential impact to the Michigan economy, however, it goes well beyond a single state. Auto manufacturers and hundreds of suppliers have plants, engineering facilities, and operational offices located throughout the country. No the country is no longer is directly dependent upon GM or any other auto manufacturer, but it is certainly greatly affected. I shudder to think of the economic upheaval without my employer, GM. An economy cannot be 100% service based. You need some agricultural and manufacturing to complement these services.
*Opinions expressed are personal and not necessarily those of GM.]]> Wed, 06 Aug 2008 14:06:12 -0400 BrianZach is correct. In addition to employees of the big 3, think of the number of employees working for suppliers depending upon domestic auto manufacturers, families, neighbors, businesses supported by these people, etc. This compounds the overall impact of a bankruptcy.

weiwentg points out the potential impact to the Michigan economy, however, it goes well beyond a single state. Auto manufacturers and hundreds of suppliers have plants, engineering facilities, and operational offices located throughout the country. No the country is no longer is directly dependent upon GM or any other auto manufacturer, but it is certainly greatly affected. I shudder to think of the economic upheaval without my employer, GM. An economy cannot be 100% service based. You need some agricultural and manufacturing to complement these services.
*Opinions expressed are personal and not necessarily those of GM.]]>