What the heck is going on with GE?

What did you expect? They issued bonds, cut their dividends all within last two weeks and today C announced profitability and GE trades like a financial, BKX index is at 22.10 ( as I write this)
i.e. GE is making a go at retaining their AAA rating and if they do all those soverign/institutional funds will be back.
 
I had a feeling when I heard all the doom and gloom, and every analyst yell SELL SELL SELL, CNBC becoming doom and gloom that maybe I should go long on GE and write some calls.

Even Warren is bearish.
 
Quote from KINGOFSHORTS:

158K volume by 11:27

20.54% up.

Glad I bought 5K shares at 6.87 a few days ago

Sold 50 march call contracts for 7.50 at 1.62 just now.
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Are you also "glad" you bought GE at 26, 24, 20, 18, 16, 14, etc, etc. and all the way down for your long term portfolio?

Quote from KINGOFSHORTS:

Talk about being punished, S&P still at P/E range of 17 and GE trading 4 points under.

The 11th will be interesting as heck.

Me, I will keep taking positions on GE on the heavy dips and add GE to my longterm portfolio.

28-28.5 by the end of the 11th

Mean time, I feel GE is a good play at current pricepoints, especially under 27
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http://www.elitetrader.com/vb/showthread.php?s=&threadid=130637&perpage=6&pagenumber=1

You're getting destroyed in GE. You need a triple just to break even.

Typical ET.
 
Quote from Clubber Lang:

Are you also "glad" you bought GE at 30, 28, 26, 24, 20, and all the way down for you long term portfolio?

http://www.elitetrader.com/vb/showthread.php?s=&threadid=130637&perpage=6&pagenumber=1

You're getting destroyed in GE. You need a triple just to break even.

Typical ET.
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you must be forgetting I sell calls and buy puts depending on the situation it could be pretty deep or pretty shallow.

But everyone makes losses and gains. My short sell gains have more than offset my losses. Although GE has been a pretty good stock for me. Its provided more than enough in premiums. If it goes to 0 then thats a whole different story.

Longterm = 20+ years. BTW (Unlike some of you who assume longterm means 3 months.)
 
Quote from KINGOFSHORTS:

you must be forgetting I sell calls and buy puts depending on the situation it could be pretty deep or pretty shallow.

But everyone makes losses and gains. My short sell gains have more than offset my losses. Although GE has been a pretty good stock for me. Its provided more than enough in premiums. If it goes to 0 then thats a whole different story.

Longterm = 20+ years. BTW (Unlike some of you who assume longterm means 3 months.)
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So you're saying that even though you have been buying GE all the way down from 26 to 6, you're still net positive on it??

Give me a F-ing break.

I'm sure if GE rallied 50% someohow you would be net positive too.

Typical ET.
 
Quote from Clubber Lang:

So you're saying that even though you have been buying GE all the way down from 26 to 6, you're still net positive on it??

Give me a F-ing break.

I'm sure if GE rallied 50% someohow you would be net positive too.

Typical ET.
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Did I say that no.


And who are you? Anyhow I think I am finished with this useless chatter with you. Serves no meaningful purpose.
 
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