lol @ GE

Quote from makloda:

When will the first CNBC anchor break out in tears live on air, realizing their 401k filled with GE stock is going to zero?

Now that is "Must See TV"
 
Volume is going to be huge because its institutional selling. Many soverign and mutual funds are not allowed to hold non AAA stocks, they are anticipating the downgrade.
 
Quote from i1lsia:

I think it will bottom at 6
I got in @ 7 for 1000,
Sold 10 contracts for sept 09 - 10.00 strike @ 1.10
Will see what happens.....
Will buy more as it drops...

Out of GE @10 and covered.
I expect it back to 7ish around April Expiry in case anyone wants my 2cents (doubtful).

Shorting now.
 
You know what I find funny, is how everyone feared buying GE in the single digits yet now at $15+ people are running in to buy as much as they can.


Makes no sense, I do not own GE but knew it was headed for the single digits back in 2008.
 
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