Posted on 01/20/2009 1:01:17 PM PST by Golddigger3
Google to find
GE posts earnings this week.
LOL!
It already has lost 50% in the last few months. I unfortunately own some and I guess my best bet is to ride out the storm.
GE put volume rose to 154,187 contracts, twice the 20-day average.
I think you mean options traders. In this highly-charged environment (where short sellers are unfairly accused of forcing companies into bankruptcy), it’s unlikely that GE’s traders are betting against the parent company.
Google what? The subject line?
This is huge news and this was the only way I could get it 2 you fast within the rules.
So this is just something you pulled out of your butt.
This probably has to do w/ their finance arm.
This is the most revered company in America over the last 15 years in the investor community, and I'm trying to get you the info fast and stay within the posting rules. Figure it out!
This thread needs to be pulled. The SEC takes a VERY dim view of people who post crap to promote shorting a stock.
And what info would that be, exactly?
There’s less here than in an Obama speech.
If there is anything to say, say it.
“This is the most revered company in America over the last 15 years in the investor community, and I’m trying to get you the info fast and stay within the posting rules. Figure it out!”
Thanks for the troll. Get a job.
Get a grip. The SEC doesn’t prosecute squat; otherwise Madoff would have been in jail years ago.
I would be very wary. GE has gotten the majority of its profits from its financing arm, which has generated a lot of suspiciously smooth earnings. My guess is that they are heavily into derivatives. The downside of derivatives in the past three or fours years is that it took a lot of risk taking to generate any returns. GE stock could go the way of the Detroit 3, and end up in the low single digits.
Note that GE doesn't get the best finance guys - they get the leftovers who couldn't make it to Wall Street. My impression is that these people have a serious case of Wall Street hero worship - they're like the stereotypical small town yokels who get duped by the big city slickers. The odds are good that whatever bum assets the banks had, GE has worse assets and more of those assets.
“I would be very wary. GE has gotten the majority of its profits from its financing arm, which has generated a lot of suspiciously smooth earnings. My guess is that they are heavily into derivatives. The downside of derivatives in the past three or fours years is that it took a lot of risk taking to generate any returns. GE stock could go the way of the Detroit 3, and end up in the low single digits.”
You are just speculating. The difference between GE and banks is that unlike banks, GE actually makes and sells things. They have multiple income streams from a variety of market leading businesses. Its probably the best type of company to survive in the current environment.
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