for traders in us stocks

  1. 6,215 Posts.
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    Last May I was given a very strong tip for General Motors as they were putting on third shifts in every plant world wide. The economy was not looking very good at the time but someone at GM obviously knew of a major increase in demand as an extra shift adds nearly 30% to each sites production. The share price has risen from around $33 to a 52 week high of $52 today.

    Why I mention this, the same person has told me that all plants except one are adding weekend work to keep up with demand. I realise GM have been offering some amazing finance packages which will hurt their end profits company wide, but I would be keeping this one on the radar as the price rise might not be over yet.

    Cheers
 
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