SI
SI
discoversearch

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.
Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?


To: Paul Shread who wrote (71064)4/10/2003 11:08:04 AM
From: jjstingray  Read Replies (1) | Respond to of 209892
 
I think they are setting up GE to run. They have sold the stock a bit prior to earnings. Plus, Don is getting close to Class 1 buys, so I can see this starting to unfold. Down today and then big up tomorrow. Although, I must say, there are a lot of calls for the current month.



To: Paul Shread who wrote (71064)4/10/2003 11:16:43 AM
From: bcrafty  Respond to of 209892
 
I believe I remember at their last report 1/17
when they were 25ish they said that the first two quarters would be OK, but the rest of the year would be "challenging" or something like that.

Nevertheless, the stock price turned around less than a month later around 22 and has been going up ever since.

I guess my point is that if there was a concern among traders about earnings it would not have gotten such a boost in the past eight weeks. Therefore, I'm wondering how much of a whack they get Friday unless there's some surprise; if there are no surprises and no lower guidance than what was announced last September, they might even get a bump.

Disclosure: I'm short GE now but plan to cover before close today. Nothing particular about this plan, it's just a rule that I made for myself this year, not to to hold positions, long or short, over earnings announcements.