GM Stands For General Mismanagement...

What a load of doodoo! Kerkorian sells 12 million shares of GM @ around $20 for "tax purposes"?!? Sounds like a $575mm stop-loss to me! I had already questioned the logic and the timing of the original trade. I had also asked the question whether GM is/was a buy @ $21.25. Clearly I am not so sure anymore as I am also getting stuffed a bit here at these levels, but evidently not as much as Kirky boy -- this might well be one of his worst trades ever.

On this "happy" note, I am off for my X-mas break today. I wish everyone a peaceful and restful holiday period. Will be back in the blogging saddle in early January.