Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Peter van Steennis who wrote (13250)	4/12/2002 8:59:49 AM
From: chowder	Respond to of 23153

Peter, you actually have to go all the way back to 1999 to find a level of support for GE in this range. It has support at $30, hence my suggestion that GE should be a buy under $30. The one time it dipped down to $28, it responded in dramatic fashion as it gapped several dollars in pre-market. It actually moved too fast for me to take a position and feel comfortable with it. In hindsight it was a mistake on my part not to buy it, but you can't win them all. If I can't have peace of mind in my selections, I don't need the aggravation. Be careful of short positions at these levels. It won't take much for a short rally to appear and it could be violent. So you must stay alert if you decide to take a short position. dabum