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Non-Tech : General Electric (GE)
GE 325.12+1.6%Jan 16 9:30 AM EST
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To: muddphudd who wrote (2036)9/18/2002 7:14:32 PM
From: Wally Mastroly  Read Replies (1) of 3256
 
Hello Mudd - FWIW - see below:

For those with a higher cost basis - I would hold GE (especially if one's time frame was at least 3 years). I think the price will improve --- gradually.

For those with a much lower cost basis, I would consider selling some in to strength (only). Technically stock still looks weak. You could then buy some back if it goes lower & your time horizon is longer term.

If I was a buyer I think I would wait a little longer, it may go in to lower twenties (?). Then I would consider buying a portion (say a third of the desired amount of shares). Would then wait a little longer & buy some more - ONLY if the price starts to rise (& stay there - say above 30).

It would help if they start to beat the quarterly earnings estimates.

Also, need to provide CONVINCING guidance as to which of their sectors will provide future growth.

Market seems to be in a show me (vs tell me) mode.

As you can probably tell, I don't think the overall stock market (including GE) has bottomed - yet.

Hoping we get a convincing selloff (& then a successful retest of the new lows- followed by a rise) in the next 3 to 6 months. (How about DOW 7200 ?).

-

Caution: Be careful out there. It may almost sound like I know what I'm talkin' about. History has not always proven that to be true .........(Grin).

Take care.

Wally M.
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