General Electric - new position

beerntrading said:
Well, don't handicap it by starting your chart in 1999. It's not a good chart by any standards, but that's a terrible "baseline" to match the context of the chart with reality.
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"...Well, don't handicap it by starting your chart in 1999. It's not a good chart by any standards, but that's a terrible "baseline" to match the context of the chart with reality..." HOGWASH... completely relevant.


In English, please??

Regardless, it's why we (well at least me) are "traders". Lots of money to have been made in GE... just not long term, B&H". (My next door neighbor asked me about GE in his 401K plan in March, '09... I told him, "load up"... ONE DAY before the low.... perhaps a lucky guess on my part??)
 
Scataphagos said:
"...Well, don't handicap it by starting your chart in 1999. It's not a good chart by any standards, but that's a terrible "baseline" to match the context of the chart with reality..." HOGWASH... completely relevant.


In English, please??

Regardless, it's why we (well at least me) are "traders". Lots of money to have been made in GE... just not long term, B&H". (My next door neighbor asked me about GE in his 401K plan in March, '09... I told him, "load up"... ONE DAY before the low.... perhaps a lucky guess on my part??)
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I mean that it's not fair to use this as your starting point. The chart looks bad enough in it own right without starting it near the peak of a bubble.
GE.JPG
 
So... "looks bad because picked a poor starting point"? You mean it would "look better if picked a different starting point"? Would it really be better or just look better if you picked the ideal point to make your argument??

You can argue any point you want, but the chart reveals "reality".
 
Scataphagos said:
So... "looks bad because picked a poor starting point"? You mean it would "look better if picked a different starting point"? Would it really be better or just look better if you picked the ideal point to make your argument??
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All I said was (and all I meant):
beerntrading said:
Well, don't handicap it by starting your chart in 1999. It's not a good chart by any standards, but that's a terrible "baseline" to match the context of the chart with reality.
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beerntrading said:
All I said was (and all I meant):
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Still... in English, please. I don't get your point.

Bottom Line... GE has NOT been a "solid blue chip" growth investment over the last 20 years. It has at times been a good trade. Can't argue against the charts.

(And what's with you defending GE here? It's an obvious no-brainer. I always had you pegged as smarter than you're arguing on this... It's like your grandfather left you some GE stock and you're sentimentally trying to defend it's "goodness". ??)
 
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Palindrome said:
bought ge 11.75

up up and away

The way I calculate it, we should be within about 5% of a nice looking low. Not sure how high it climbs, but it should move nice.
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sounds like preaching to me

nice move or ugly move , up or down ... who cares...

if your method calls for a buy - buy

nobody else cares , because its your method and your money
 
I like GE, as I liked my NQ short early this morning at 7600.

We will see on GE, but I think I should see a decent move up... from their I can move my stop and hopefully let it ride.
 
Palindrome said:
I like GE, as I liked my NQ short early this morning at 7600.

We will see on GE, but I think I should see a decent move up... from their I can move my stop and hopefully let it ride.
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Technically, I like your NQ short better than your GE long.... though the short is going against the psycho grain at this time.

KISS as always, with stop.
 
Include the dividend paid by GE and over the 20-30 years, the stock is still a good investment. the company is below 100B in market cap now. their aviation business by itself is worth more than 60-70B. fundamentally the stock is cheap (Assets) and operationally is in a horrible shape so short-term play the trend, personally, I'm loading on my LEAPS and buying puts in a short term.
 
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