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GE - General Electric

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by bigbear0083, Mar 31, 2016.

  1. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    November 13th I believe ;)
     
  2. fidelgeorge

    fidelgeorge Well-Known Member

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    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.
     
    Charles Noble likes this.
  3. Charles Noble

    Charles Noble Well-Known Member

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    If company wants to pay dividend what the hell problem with analyst...may be his bank is shorting big
     
    fidelgeorge and Jack Levy like this.
  4. Jack Levy

    Jack Levy Well-Known Member

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    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!
     
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  5. Jack Levy

    Jack Levy Well-Known Member

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    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.
     
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  6. fidelgeorge

    fidelgeorge Well-Known Member

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    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.
     
    Jack Levy and Charles Noble like this.
  7. Jack Levy

    Jack Levy Well-Known Member

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    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.
     
    Charles Noble and fidelgeorge like this.
  8. Charles Noble

    Charles Noble Well-Known Member

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    Throwing this out there. I could be completely wrong but I’m guessing a year from now, this will be at $12
     
  9. WillardWolfcake

    WillardWolfcake New Member

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    I'll be slowly accumulating GE from here at any price, approximately 1 or 2 shares per month indefinitely.
     
  10. Jack Levy

    Jack Levy Well-Known Member

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    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.
     
    Charles Noble and fidelgeorge like this.
  11. fidelgeorge

    fidelgeorge Well-Known Member

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    Calling all short rookies, you are being reasonably warned. If your shorting this at these low prices, I advise you run for the hills.
     
    Jack Levy and Charles Noble like this.
  12. Jack Levy

    Jack Levy Well-Known Member

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    GE will be big winner in 2018 due to the rising oil price, tax cut, bringing home money from overseas, and inflation.
     
    Charles Noble and fidelgeorge like this.
  13. Lonnie Ray

    Lonnie Ray Active Member

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    Is the bottom set yet?
     
  14. T0rm3nted

    T0rm3nted Moderator
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    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.

    upload_2018-1-8_19-2-15.png
     
    followtide likes this.
  15. Lonnie Ray

    Lonnie Ray Active Member

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    New lows. Read somewhere as low as it's been since 2011.
     
  16. Gray Wolf

    Gray Wolf Well-Known Member

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    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.
     
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  17. T0rm3nted

    T0rm3nted Moderator
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    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.
     
  18. T0rm3nted

    T0rm3nted Moderator
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    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

    [​IMG]

    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.
     
    Gray Wolf and bigbear0083 like this.
  19. Gray Wolf

    Gray Wolf Well-Known Member

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    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.
     
  20. fireopal

    fireopal Well-Known Member

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