General Electric (GE) Message Board

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Non-Tech : General Electric (GE)

GE 310.72

-0.4%

Nov 11 3:59 PM EST

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To: Arthur Tang who wrote (1743)	3/8/2001 11:52:53 AM
From: Arthur Tang	Read Replies (1) of 3256

On government regulators' possible interventions, HON employees have rumors that acquisition at first then merger will become a no sale. The resistance in the Honeywell ranks is based on the fear of severe layoff necessary to merge HON into GE. No real EU objections are yet available for further analysis. There is no question that the revenue increase is a plus for the combined company, and the cash refund(7 years of tax payments) may be interesting. The shorts have put a value on resistance in technical analysis. Down 30% from high of $60 is standard first step of market making principle. $42 is 30% down from $60, which is current support. If it holds, and merger is successful, then we are on the march to another stock split, next year or so.

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