General Electric (GE) Message Board

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Non-Tech : General Electric (GE)

GE 285.33

-0.6%

Dec 9 3:59 PM EST

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To: Dennis who wrote (1765)	3/13/2001 8:17:18 AM
From: Arthur Tang	Read Replies (1) of 3256

I have to explain with the shorts at 85 million and the price action off by over 30%(brokerages shorted not individuals); the more your buy GE the lower the price will be the result. So, we have to prey(or pray) on some one will sell a big chunk; after the carnage stops, the brokerages will get people to sell on profit taking(oversold at some other brokerages). In times of pull back, you still can sell by nibbling on small profits. Daytrading? Or use options(insurance money) to save(straddle) further losses temporarily? Or average down(which is the hardest). Otherwise, just sit back and wait for April 15 to pass too.

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