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GM was one of only 4 stocks in the DJIA to buck the trend today (DJIA down 147 points). While auto analysts rate it differently than F & C, upside potential in GM is no less IMHO. Since it is still the underdog, it may also make new 1998 highs just as soon (or sooner) than F or C.

Why so? Company stock buyback program, Moody's upgrade of debt ratings, potential $4 billion of 1998 cost reduction, new models replacing approx 45% of current ones etc., etc. That's the fundamental side.

Since the stock was up today in an ugly down market, it may be just as informative to watch the technical side.


Umillt
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