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GE - General Electric

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

  1. Gray Wolf

    Gray Wolf Well-Known Member

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    Not to dis Buffet o_O 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.
     
  2. KyleLennon

    KyleLennon Member

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    Today, Immelt’s successor John Flannery has embarked on a turnaround of GE, wisely choosing to restore accountability and focus on three core businesses: aviation, power, and renewable energy. The three key issues the company faces today are 1) secular threats facing GE Power, 2) a lack of liquidity, and 3) lingering liabilities at GE Capital.
     
  3. Timbo

    Timbo Active Member

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    Took a sizeable position for my ROTH in this as well. This is a long term hold.
     
    StockJock-e and T0rm3nted like this.
  4. Timbo

    Timbo Active Member

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    Took a dump right after I bought in, NATURALLY. Started to add more last week but didnt. I hate the buy n hold strategy but have forced myself to hold in my ROTH. Drives me crazy watching it bounce around, long term G.E. is a winner but the trader in me wants to cash in the chips and reshuffle the cards..LOL.
     
    StockJock-e likes this.
  5. StockJock-e

    StockJock-e Brew Master
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    Solid move here +4% but its going to hit some resistance in a bit.

    The previous moves of this magnitude were all sold into.
     
  6. T0rm3nted

    T0rm3nted Moderator
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    Going to break out of this wedge?

    upload_2019-7-11_11-7-50.png
     
  7. Mark**

    Mark** New Member

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    Here is a poll for GE.

    If you hold General Electric or IF you did hold it, what would you do?

    At this time, it has almost no dividend and it sells for $10.44 share, very down.
    Negative forecasts for the rest of the year.

    Vote: YES, No--wait and see(HOLD) or BUY
     
  8. StockJock-e

    StockJock-e Brew Master
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    Lowest levels since Jan, entire years gains gone here for this former bellwether.
     
    Onepoint272 likes this.
  9. StockJock-e

    StockJock-e Brew Master
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    GE shares tank more than 13% after Madoff whistleblower calls it a ‘bigger fraud than Enron’

    • General Electric shares fall after Madoff whistleblower Harry Markopolos targets the conglomerate in a new report, calling it “a bigger fraud than Enron.”
    • The 175-page report claims GE was hiding the depths of its financial problems and would need to significantly raise its insurance reserves. It also points out alleged accounting issues with its oil and gas unit.
    • “My team has spent the past 7 months analyzing GE’s accounting and we believe the $38 Billion in fraud we’ve come across is merely the tip of the iceberg,” Markopolos says in the report.
    • Markopolos says he has given the report to securities regulators and that certain information he has uncovered was given to law enforcement only, and is not in the public report

      https://www.cnbc.com/2019/08/15/ge-...polos-raises-red-flags-on-its-accounting.html
     
    T0rm3nted, TomB16 and Bodacious like this.
  10. TomB16

    TomB16 Well-Known Member

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    Amazing stuff.

    Is anyone shorting GE?
     
  11. TomB16

    TomB16 Well-Known Member

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    After watching quite a few interviews of Harry Markopolos and legions of others, it seems to come down to Mr. Markopolos claiming systemic, long term, fraud and everyone else, including CNBC moderators, saying there may be an anomaly or two but everything is fine.

    My gut reaction is to assume the CNBC side is wrong. lol!

    A look at the published stats suggests that if $38B of published enterprise value were to go away, they would be in trouble but not bankrupt. Mr. Markopolos has said GE is going to go bankrupt.

    I'm not sure what to think about this but GE has been a rotten apple for years so it wouldn't be surprising if they were to experience difficulty.

    I've read many forum posts on this and other message forums suggesting GE as an exciting opportunity, over the years. It's been on the verge of turning things around for as long as I can remember.
     
  12. Onepoint272

    Onepoint272 Well-Known Member

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    They've been cooking the books for years. The Street knows this and knows they will likely go bankrupt. The media knows this too. Its just the stupid investing (buy and hold) public that isn't in on it. They are like the guy who goes to the poker game not knowing who is the patsy...its them. The Street has been quietly distributing to the public for years and the media compliantly pumps the stock from time to time.

    Mr. Markopolos more than once said he works for the investing public, and in the larger sense he is, because behind the accounting fraud he is also exposing the Street's and media's game of distributing the losses to the public. It is interesting to note how quick the media are to point out he is profiting from the short trading of his undisclosed hedge fund client but they won't go near the larger-than-fraud crimes of manipulated distribution.
     
    #72 Onepoint272, Aug 17, 2019
    Last edited: Aug 17, 2019
  13. Kat

    Kat Member

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    General Electrics moves under the red Tenkan line and the Kijun blue line. There is no support, there is resistance. Stochastic has reached level 20, but this is not enough. Stochastic barely touched the oversold level. Therefore, General Electrics needs to be sold. This will move down. Until 7.00 for sure, and maybe lower. Here it will be necessary to start thinking about long positions.

    Weekly
    1.png
     
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