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Non-Tech : General Electric (GE)

GE 285.33

-0.6%

Dec 9 3:59 PM EST

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To: Arthur Tang who wrote (1822)	3/28/2001 5:57:43 PM
From: badgerstate	Read Replies (1) of 3256

Arthur, Here's a recent analysis that's consistent with mine, although I think 33 - 35 could be a temporary (trading) bottom. 10:41arn 03/27/01 Gruntal's Gold skeptical ofGE gains (GE) By Tomi Kilgore General Electric (GE) is ratcheting up $1.16 to $41.39. The Wall Street Journal reported that Luxembourg firm Societe Europeenne des Satellites SA is near a deal to buy GE's satelliteservices unit for $5 billion in cash and stock, which could be announced within a week. After hitting a 52-week low ($36.42) on Thursday, GE's stock has tacked on 10 percent in the past three trading session. Gruntal & Co. technical strategist Todd Gold said in a research note to clients that he expects the stock to decline from current levels. He notes that the recent action in the shares have created a "V -bottom that is typically resolved to the downside." His downside objectives are $37 and $33; his scenario would be negated if the stock moves above $44.50.

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