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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (60063)	11/14/2017 8:32:10 AM
From: MCsweet	2 Recommendations Recommended By mike macklin research1234 Respond to of 78953

Re: GE What you say makes sense, except that the time to buy GE will be when everyone (including you) throws in the towel with statements like that. I'm not sure we are there yet, but we could be close. My wife already works at GE so unfortunately I have enough tied up in GE with her stock options (that have lost most, if not all, of their value) and matching GE stock contributions from the 401K plan (which luckily I have mostly sold off). For that reason, and the fact that I have no particular competitive advantage in analyzing the stock, I won't be buying it myself. However, I don't plan on keep selling off her GE stock match. I'm fine to see where it goes from here and in the spirit of Warren Buffett, when the price goes down we should be happy as we get to buy lower :) MC

To: Paul Senior who wrote (60063)	11/14/2017 3:16:12 PM
From: Lazarus	Respond to of 78953

GE is taking a lashing and from what I little I know, and by Flannery's own admission on CNBC today, deserves it. That said, I view GE, with whatever shortcomings it might have, as a world class stock. If it doesn't hold here (its sitting on the 5 year pivot) I suppose it could drop as low at $13.00 or even $10.00 --> but I'm thinking there is a good chance today may be the end of the exhaustion selling. To put things into perspective take a look at a 20 year chart. By my guestimation, in twenty years GE has been below today's price about 30 months -- so maybe 12 - 15% of that time. Here's a 20 YEAR CHART -- now I know I've been told that charts should not be posted here because this is a VALUE THREAD -- but I'm taking my liberty, presenting this not as technical analysis but more like a drawing to illustrate VALUE OVER TIME. As for turn around time -- you're talking to someone who has held penny stocks in his IRA for 15 years. I'm at around 50% in my Roth IRA I added near the lows today.