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Non-Tech : General Electric (GE) -- Ignore unavailable to you. Want to Upgrade?

To: Joey Two-Cents who wrote (633)	10/2/1998 9:33:00 PM
From: Wally Mastroly	Respond to of 3256

Respectfully disagree. I would not short GE. Don't believe everything you read - even in Barrons - or even my opinion. However, ... If the CEO of GE Capital leaves,we could see an even better buying opportunity. But todays's intraday lows were probably it - for now. Perhaps you didn't notice the volume and price recovery before the end of the day. Watch for a big bounce on or about 10 Oct.(i.e., earnings release). GE is acquiring foreign assets - on sale. Rumors of GE Capital involvement in the recent hedge fund fiasco are extremely hard to believe. For the record:GE Capital accounts for over 40% of GE's sales/revenues. I say - Show me the money! - So far Jack Welch has. Until he stops doing that, why would one short GE? - Just one man's opinion.