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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (60063)11/14/2017 3:16:12 PM
From: Lazarus   of 78918
 
GE is taking a lashing and from what I little I know, and by Flannery's own admission on CNBC today, deserves it. That said, I view GE, with whatever shortcomings it might have, as a world class stock.

If it doesn't hold here (its sitting on the 5 year pivot) I suppose it could drop as low at $13.00 or even $10.00 --> but I'm thinking there is a good chance today may be the end of the exhaustion selling.

To put things into perspective take a look at a 20 year chart. By my guestimation, in twenty years GE has been below today's price about 30 months -- so maybe 12 - 15% of that time.

Here's a 20 YEAR CHART -- now I know I've been told that charts should not be posted here because this is a VALUE THREAD -- but I'm taking my liberty, presenting this not as technical analysis but more like a drawing to illustrate VALUE OVER TIME.



As for turn around time -- you're talking to someone who has held penny stocks in his IRA for 15 years. I'm at around 50% in my Roth IRA

I added near the lows today.
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