Wow. General FREAKING Electric posted something that analysts werent expecting.
I dont know if you guys follow GE, but it is always whizbang on estimates. It is like playing golf with an old guy that has played his whole life. Boring, predictible and most likely will beat you.
GE missing estimates is a HUGE deal IMO. I love GE and have been waiting for a chance to buy it again. I traded it for a while and then got bored. It is a blue chip however and would recommend it to everyone on the board. I always take some of my trading profits and squirrel it away in the following companies that then get used to write covered calls on a monthly basis for income. CSX, GE, KFT, GS, WFC and KO.
I love GE the best as their water technologies in the future are going to be worth tons, plus they pay a dividend.
DYODD as always but if you can buy GE at 30 or below after this mess...you will do good long term.
Lets all watch for the miners to see if they get dragged down with this mess today.
If it looks like it is going to get really bad, look for opportunities in the juniors as hedgies start to get margin calls...and have to sell their profitables.
5 comments:
Wow...went out for the afternoon and you guys had a posting party...lol
Good morning...interesting this is now the first tab I open in the morning now...
mdp
Wow. General FREAKING Electric posted something that analysts werent expecting.
I dont know if you guys follow GE, but it is always whizbang on estimates. It is like playing golf with an old guy that has played his whole life. Boring, predictible and most likely will beat you.
GE missing estimates is a HUGE deal IMO. I love GE and have been waiting for a chance to buy it again. I traded it for a while and then got bored. It is a blue chip however and would recommend it to everyone on the board. I always take some of my trading profits and squirrel it away in the following companies that then get used to write covered calls on a monthly basis for income. CSX, GE, KFT, GS, WFC and KO.
I love GE the best as their water technologies in the future are going to be worth tons, plus they pay a dividend.
DYODD as always but if you can buy GE at 30 or below after this mess...you will do good long term.
CDS touch even the might GE. I think this should show how much trouble the system is in.
http://www.reuters.com/article/
marketsNews/idINN1133364020080411?
rpc=44
Lets all watch for the miners to see if they get dragged down with this mess today.
If it looks like it is going to get really bad, look for opportunities in the juniors as hedgies start to get margin calls...and have to sell their profitables.
Joe..do you see the down accelerating thru the day or do you think it will come back from this mornings lows...mdp
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