General Electric (GE) Message Board

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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: Captain Jack who wrote (1524)	10/23/2000 6:39:42 PM
From: James F. Hopkins	Read Replies (3) of 3256

I won't contest we could drift lower, but the action today was not people dumping it was shorts , and sooner or latter they got to cover. They are double screwd..they were short HON from the get go, when UTX made her bid public they shorted UTX, to try and get out of the HON shorts, then GE stepped in and they got caught short UTX as it bounced , the shorting of GE today was an act of desperation..and most acts of desperation in the market go badly. Jack Welsh is laughing his arse off. Don't buy the story that he didn't know UTX was making a bid...that's a joke. I'l send you a PM. Jim

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