GE NOW?!
We still have some cash in our club, enough to purchase one more item. I remember we were discussing GE a while a go, when it was around $35 and before the 11% disappointing drop. Also I remember Eddie suggesting that he would consider GE if it gets closer to $30. I think now may be the time… it is trading around $30.5. Anyone in favour? At least by owning GE we can collect some dividend, which should be better than the interest from etrade;)
posted by Arash @ 6/03/2008 01:02:00 PM
3 Comments:
I am in favor of GE at this price. Des, do you want to make concensus?
I still like GE for all their other businesses. How much GE Money and Capital can hurt them is hard to tell. I'm no chartist, but it's price action looks decisively weak. I would put a low ball order in below its 52 week low of say $29.75 and see if it gets filled. This generally works better for less liquid small cap stocks. I hope lots of people sell in May and go away!
GE is flirting with $30 today. I don't think 30 or 29.75 really matter much. The difference is a few dollars only. Should we put a bid?
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