To: Wally Mastroly who wrote (1807 ) 3/22/2001 8:41:50 PM From: Captain Jack Read Replies (1) | Respond to Wally-- I have yet to see GE downgraded by the masses. Most STILL look at it as a buy. How much of a premium will GE deserve after Jack has gone and we see what the HON impact is? Does anyone really believe GE will not continue to grow? It will not run back to 60 but will not lag at the bottom either. Like you I would not be unhappy to see the HON deal fall through at this time. 2 or 3 qtrs? Hard to tell,,, it may be 2 - 3 weeks or months--- could be 2 - 3 years before things are normal again,, not thinking of recent moves. My guess is by Q1 or 2 of '02 this will be looked upon as Als Debacle with a smile by those that held from a decent rate and/or added on the way up. As a trader I feel NOTHING is a forever hold. Nearly everything has a S/L and at some point goes. The word 'hold' is not in my investment vocabulary on individual issues. Every issue will be a buy or sell every day. If you are not comfortable buying GE today why hold it? It just became a sell the way I do things. Also these S/Ls protect profits and preserve capital.
