Another company mismanaged by lazy assholes.
GE
- Thread starter Handle123
- Start date
Another company mismanaged by lazy assholes.
how to trade GE?
first opportunity:
mid 2017. price broke gentle rising trend line. time to short.
Subsequently price retrace up giving traders another opportunity to short.
Then recently there was still another trading opportunity.
Before end of 24 Sept, volume was super high, and there was long red candle indicating down momentum was very strong.
short it before end of day.
Hold it for few days, then close position.
If you failed to stare at your chart around end of 24 sept 18, too bad for you.
market don't give you tens or hundreds of opportunities.
Market is heartless to those who missed earlier opportunities.
first opportunity:
mid 2017. price broke gentle rising trend line. time to short.
Subsequently price retrace up giving traders another opportunity to short.
Then recently there was still another trading opportunity.
Before end of 24 Sept, volume was super high, and there was long red candle indicating down momentum was very strong.
short it before end of day.
Hold it for few days, then close position.
If you failed to stare at your chart around end of 24 sept 18, too bad for you.
market don't give you tens or hundreds of opportunities.
Market is heartless to those who missed earlier opportunities.
Last edited:
Just took a good sized position in GE... Americans Love Electricity.... bought at 11.75, I believe the bottom is in.
GE will end up selling that division to pay off debts like SHLD until they run out of things to sell.