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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (31160)	7/10/2008 1:48:22 PM
From: E_K_S	Read Replies (1) of 78666

GE reports earnings tomorrow morning. Last quarter they missed and the stock fell 11%. GE is expected to report a 1.9% increase in profit of $0.54 per share and a 7.1% rise in revenue of $45.3 billion, according to analysts polled by Thomson Financial. The recent July option activity indicates the stock should trade around $27 with a small bias to the downside (new open interest on the July $26 Puts). If the stock trades lower Friday (below $27) I will add to my position. If the world economy really tanks, then we may see the stock test it's 2003 low of $22.70. Todays dividend is 60% higher than in 2003, so if this low is ever tested, GE would have to cut their dividend and see their global revenues really fall. Therefore, be alert on Friday's AM open . . . as GE goes, so goes the market. EKS

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