General Electric (GE) Message Board

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Non-Tech : General Electric (GE)

GE 300.85

+1.7%

3:59 PM EST

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To: Dennis who wrote (1339)	7/29/2000 10:57:12 PM
From: MR. PANAMA (I am a PLAYER)	Read Replies (1) of 3256

GE is a great company and I think it has First Class management but if this mkt continues down in the near term it could drop back substantially IMHO. It has held up splendidly during the chaotic parts of this year....but eventually if negative momentum sets in it could retrace back to lower levels. Starting to look at puts here as a hedge against a sliding mkt in general...ooops no pun intended. That 50-52 level looks like good bitchslappin territory intraday. Remember every great company can be bitchslapped at times and even garbage can run up in prices.

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