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Non-Tech : General Electric (GE)
GE 287.39-1.1%Nov 21 9:30 AM EST
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To: Gerald Walls who wrote (1516)10/23/2000 10:44:13 AM
From: Arthur Tang  Read Replies (1) of 3256
 
I think I am safe with my statement, but you have a problem with your statement. The reason is GE has its own support and resistance level. Honeywell by the generous offer broke out of their resistance level. So they have room to move all the way up to just under $55, until the deal closes. GE went down, to lock on to 1.055 ratio; after that only if Wall street hates it then they will unlock with GE and Honeywell both falling. Wall street on the other hand loves some action. GE is big enough to be loved.
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