Who is ready to join the party and short the market?

[ironchef]

How about ge? That seems like a great stock to invest also. Lol. My work colleague has been investing in ge for many years and recently average down about a month ago. I look at the ge chart and told him it is ugly and he should dumped it. But he refused and want to hold it and said he is investing. I told him if he stick with a loser that he is gonna be a loser.

How about GE? If you invest in GE back in the 1970s like Overnight said, you would have done extremely well even at the price of $14.8 today, LOL:

You cost per share is ~ $0.75 a share so your dividend yield today would be ~ 64% per year. Not too shabby.

 

[vincentnyc]

I did...here's the Friday end of day recap of what I bought. You can follow the link and scroll up if you want to see the live calls scaling into this:

Man those boring as fang stock. Some of my winners today are hiiq, xnet, cenx, cboe, ipgp. Holla at yo boy when you ready to step up to the big league.

 

[ironchef]

How about ge? That seems like a great stock to invest also. Lol. My work colleague has been investing in ge for many years and recently average down about a month ago. I look at the ge chart and told him it is ugly and he should dumped it. But he refused and want to hold it and said he is investing. I told him if he stick with a loser that he is gonna be a loser.

I just went long GE early this week.

 

[vincentnyc]

How about GE? If you invest in GE back in the 1970s like Overnight said, you would have done extremely well even at the price of $14.8 today, LOL:

View attachment 182607

You cost per share is ~ $0.75 a share so your dividend yield today would be ~ 64% per year. Not too shabby.

So I what? If I bought appl or msft back in the 90’s I would have been a millionaire by now.

 

[ironchef]

So I what? If I bought appl or msft back in the 90’s I would have been a millionaire by now.

I did.

 

[beerntrading]

Man those boring as fang stock. Some of my winners today are hiiq, xnet, cenx, cboe, ipgp. Holla at yo boy when you ready to step up to the big league.

You said the market was a short on Sunday. I've been long since Friday.

How about GE? If you invest in GE back in the 1970s like Overnight said, you would have done extremely well even at the price of $14.8 today, LOL:

I'm long GE! Since December.

Pretty sure that's going to be a turn-around story this year though.

 

[ironchef]

So I what? If I bought appl or msft back in the 90’s I would have been a millionaire by now.

You are actually supporting Overnight's point: If you are a long term investor, by holding almost any major companies' stock for a few decades, even a monkey picking stocks can be very well off.

Best wishes and good luck to you.

 

[ironchef]

You said the market was a short on Sunday. I've been long since Friday.


I'm long GE! Since December.

Pretty sure that's going to be a turn-around story this year though.

You were usually a little quicker than me. I wanted to take a position in December but analyzing GE's FA were more difficult than most typical companies so it took me a couple of more months to reach the same conclusion.

Regards,

 

[vincentnyc]

You are actually supporting Overnight's point: If you are a long term investor, by holding almost any major companies' stock for a few decades, even a monkey picking stocks can be very well off.

Best wishes and good luck to you.

How about if you invest in company like Enron, bear stern, Lehman brothers etc? How much is your investment now if you just left your money with those company? 40% of the Fortune 500 companies from 2000 no longer exist in 2010. I let you marinate that in your head just for a bit.

 

[beerntrading]

You were usually a little quicker than me. I wanted to take a position in December but analyzing GE's FA were more difficult than most typical companies so it took me a couple of more months to reach the same conclusion.

Regards,

Actually, it was less that it was a turn-around prospect than it was a distressed company with good enough cash flow to keep up the (newly reduced) dividend. That this could be The big turn around of the year isn't something that crossed my mind until well after (I mean, there was always that seed, but that wasn't the investment thesis).

I've been shorting puts on it, holding a LEAP call, and shorting calls against that. So my cost basis is somewhere around 16.80 right now--though after blowing an order today (wrong expiry), that probably going to go up.