Welcome to Friday, people! Our last full trading week before a little turkey-time on Thanksgiving.I gotta say straight out: the TradeKing Leaderboard is a source of daily amazement to me. Despite the crummy market conditions, there are quite a few traders in our community braving the wilds – and coming back with some spoils. Join me in welcoming the latest new faces to the Leaderboard: OWN11, CCHU, MAZ and biggyk81. Like your smooth moves, folks!
U.S. auto stocks got plenty of ink this week as they made their case for a federal bailout. Interestingly, as I write this, buyers on General Motors (GM) and Ford (F) outnumber sellers to a large degree on the TK Trading Activity page. But I imagine that could change in a heartbeat if the industry gets some kind of definitive “No” on its coveted bailout package.
Meanwhile, Haymore is sticking up for the Big Three – but only if they accept one very daring condition. (On a related note, Haymore also served up an interesting site, bailoutsleuth.com.) I think BGTech0 sums up most investors’ feelings on the matter with this dry observation: “The Senate asked [auto executives] today why instead of flying to the hearing commercial like they do instead of using they're private jets at $20,000.00 a pop to get there. Looks like the automakers don't get it.”
We’ll be taking a hiatus from the Friday shout-out next week to give thanks and eat a little stuffin’. Here’s hoping you guys are enjoying a well-deserved break with family and friends, too!
[image: The Star by tsechuen26 on flickr]
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