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Non-Tech : Bill Wexler's Trading Cabana
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To: RockyBalboa who wrote (4741)1/7/2009 5:24:58 PM
From: Hank  Read Replies (6) of 6370
 
Let's talk GE. I bought a little bit at 34, thinking it was a good deal then, and got slammed. I still have it because it wasn't a big position.

Now GE is ridiculously cheap but I think it will get cheaper, regardless of fundamentals or the divie. I follow the stock closely because my Father holds a huge position in it and has for many years. One thing I've noticed about GE is- it follows the DJIA pretty closely.

So here is my hypothesis. If the DJIA nose dives this year to the 6K-7K range, which I think it will, then GE will follow, and that is the time to buy.

Anyone agree or disagree?
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