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Non-Tech : General Electric (GE)
GE 306.58-0.7%12:25 PM EST
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From: Fintas7/22/2019 12:24:00 PM
3 Recommendations

Recommended By
Blasher
Bonefish
toccodolce

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First I have NO POSITIONS in GE.

I MAY at some point in the stock as well as the CALLS IF the numbers work. OPTIONS ARE NOT FOR ROOKIES!

However, it was back in an OCT/NOV 2017 when GE took the hit and as it did many were quick to suggest GE was going to Zero. OR NEAR ZERO.. or best case GE was in Crisis.

Well here we are many MONTHS from GE's highs.

Yet we are also MONTHS off GE's low in the 6 area.

So much for 0.

So much for 1

So much for those who suggested 5. I was all set to take 1 M Shares. WINK

But a bit more objetivity

CRISIS. Bear Stearns was in Crisis. So too LEH.

GE ran into a wall re it's business model and much of it was due to what took place back in 2008. They just couldn't adjust as hoped. That was then and now is now.

I'm still undecided as to whether GE re tests it's low in the 6's or just drops to the 7's/8.1. The 7's are my own desire. COULD still happen IMO or could NOT happen.

Regardless I notice more and more are stepping in. I notice more and more are feeling more comfortable with the latest CEO.

Is GE going back to 33.03. That's an unknown.

BUT can GE move it's way to the 14.58/16.20/17.82/19.44. IMO YUP.

Not in a day and NOT if they fail re FA.

But if one believes the turn around will succeed then GE offers a decent upside as other equities begin to experience profit taking.

TIME LINE.. 1-2 years from 2 day.

So if one were an optimist they would being positioning now and then size in if GE DROPS. OR SIZE in if GE RISES.

ME?

I'm in no hurry re the STOCK. And when buying CALLS one needs more than OPTIMISM. They need to know the strikes, time lines and risk/reward.

Fintas
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