General Electric (GE) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : General Electric (GE)

GE 311.99

+1.5%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Dennis who wrote (1752)	3/9/2001 6:35:49 AM
From: Arthur Tang	Read Replies (1) of 3256

Its the shorts. If GE had purchased the 85 million shares without going through their NYSE specialist, then the brokerages are keeping the price down to buy back the shares. The proper way to invest in your own stock, is to announce buy back or go through the specialist like Gerstner did twice. IBM made a heap of money first buy at $50 then buy at $75. Lou(IBM) even borrowed money to buy their own stock then split it. Cash pool determines the price of stock not earnings. Wall street encourages averaging up, but when you want to sell, they ask you whoelse will want to buy it. On the other hand due to 402k, privatization of majority ownership is done every day. Chase (H&Q) had divested all of their 85% owned companies in the last few years. Remember, market making is a bookie operation, you have to talk to the head bookie. Good luck on your investments.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next