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Non-Tech : General Electric (GE)

GE 311.99

+1.5%

3:59 PM EST

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Kirk ©

From: E_K_S	11/12/2018 7:15:53 PM
	1 Recommendation Read Replies (1) of 3256

Bloomberg: Funds dumping blocks of GE shares at rapid pace Nov. 12, 2018 5:47 PM ET\|By: Carl Surran, SA News Editor Several unusually large trades in General Electric (NYSE: GE) hit the tape today as the stock plunged, suggesting one or more major shareholders are trying to sell as fast as possible, Bloomberg reports. Of the 12 largest blocks in S&P 500 companies today, Bloomberg says nine were attributed to GE (when stripping out the market-on-open auctions), totaling ~24.3M shares worth $196M. A 37M-share block of GE stock was traded after the bell last Thursday, the largest single trade in GE’s common stock all year, when omitting the opening and closing auctions. ----------------------------------------------------------------------- These are the headline I like to see. Maybe it is time to start to nibble. My strategy is to pick up as many shares as I own, then sell my high cost shares in 31 days. Therefore, a good way to maintain position and still harvest my long term losses. EKS

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