GM @ $3.66 (up 12.62%)

Ok... I rated GM sell, but they got a boost when GMAC got bank status and could participate in the government bailout package. There is some controversy as GMAC is 49% owned by GM, but as a financing company who is in a position to assist in the recovery of the credit markets, some analysts are hailing this as a correct decision to improve the market.

I still maintain that the company is a long term dog. A restructuring plan by executives by March? Too little, too late. The fundamentals of this company have passed a tipping point and is poised to be delisted. These measures of government assistance are only serving to reduce the pain while this giant slowly makes its way out.

Rating: Sell