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Tuesday 2 July 2013

Do not buy GM

GM sales only rose 6.8% & trending towards 5% for the year
Although a rise of 6.8% is positive, it's not safe to buy as future expectations are lowered
Stocks move based on future expectations & GM is already down to 34.0, lower than its opening price
That's why we didn't trade even when it rose from 34.39-34.92 after it's announced


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