GE can’t go down to 10. That’s what they said about 19. Don’t try to infer a bottom. Wait for the stock Techs and Earnings to put one in. You won’t catch the exact bottom but there’s less likelihood of getting bent over.
If company wants to pay dividend what the hell problem with analyst...may be his bank is shorting big
When GE announces div cut, the price will rise because it is the optimal solution to turn around the business. Good fundamentals need a work!
Regardless of the news about the dividend is positive. If they keep it goes up, If they don't will go up, The worse is price in.
I should have got out when Warren Buffet did. When the most patient stock trader in the world gives up, it's probably wise to do same.
If you're bullish on GE it's not based on fundamentals or news. It's because you're trying to show that you're smarter than everyone.
Throwing this out there. I could be completely wrong but I’m guessing a year from now, this will be at $12
I'll be slowly accumulating GE from here at any price, approximately 1 or 2 shares per month indefinitely.
Nasdaq since 1990 has made 18% of profits of buying calls, selling puts and bank it as profit. GE should do the same. Especially now.
Calling all short rookies, you are being reasonably warned. If your shorting this at these low prices, I advise you run for the hills.
GE will be big winner in 2018 due to the rising oil price, tax cut, bringing home money from overseas, and inflation.
Hard to tell, though it does look to be consolidating since mid-November '17. Haven't looked up an earnings date, but that is probably around 1/22 or so. I'd imagine that could push it below it's current support level of around $17.30ish. Either that, or it could start the long-awaited rebound. Can't believe how far this staple stock has fallen.
I think the best thing to do with GE right now is let it react to earnings coming up this Wednesday Jan 24th. The conference call and how it is received will help dictate direction. I still think 15 is a real possibility. That said, I do see GE as a decent 1 year or more hold once it finds it's footing. The adage of buying when there is blood in the street is certainly appropriate for GE right now.
Agreed, it's been such a reliable company for years. It's just a matter of figuring out when it's actually found a bottom.
GE stock had its worst week since the Great Recession Source: https://www.msn.com/en-us/money/top...rst-week-since-the-great-recession/ar-AAuUKYU The last time General Electric had a week this terrible, the Dow was below 7,000. A deepening cash crisis caused GE's stock to dive 13% this week. GE hasn't suffered a loss like that since the first week of March 2009, during the Great Recession. Just days later, stocks bottomed -- the beginning of an eight-year bull market. The ferocious selling in GE, once one of America's greatest companies, comes as the rest of the stock market is zooming ahead. The Dow hit 26,000 this week, leaving GE further in the dust.
Earnings a few days ago revealed the hidden huge charge off and opening of an SEC investigation. This is adding volatility to it and no confirmation it has bottomed yet. But, I'm keeping a close eye. Still think this will end up turning things around. I'm going to look on the technical side for a trend reversal pattern which could take some time to develop.
GE Jumps Most in Two Years on Speculation of Buffett Investment- https://finance.yahoo.com/news/ge-jumps-most-two-years-155121365.html
Not to dis Buffet but I'm still seeing downtrend with high potential for more downside. I really expect this to drop to 10 or under. Reason? I'm seeing a company that cut a long standing dividend increase in half and even after doing that they are still paying out 133% of earnings. This cannot be sustained especially with a company attempting to turn things around. They could very well elect to eliminate the dividend all together for awhile until they right the ship. If they do so, I'd expect that drop to 10. Personally I'm not ready to commit a long term hold to GE at this point.
