down at 6.39 this morning and trading like a bank, how low does it go?
Senor
GE collapse continues
Started by
senorBS
, Mar 04 2009 10:02 AM
8 replies to this topic
#2
Slothrop
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Posted 04 March 2009 - 10:03 AM
Less than a dollar. Then, delisted from the NYSE. For years after that, it trades forlornly and with little attention for between a nickel and a dime.
#3
Funky Monk
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Posted 04 March 2009 - 10:27 AM
fwiw
fwiw
just a chart
snipers welcome
monk
#4
rkd80
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Posted 04 March 2009 - 10:33 AM
GE is probably worth about 5 bucks, it was in a bubble the whole time and realities have caught up with it.
“be right and sit tight”
#5
rkd80
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Posted 04 March 2009 - 10:34 AM
GE is probably worth about 5 bucks, it was in a bubble the whole time and realities have caught up with it.
Of course it made mistakes with it's financial arm and got burned by greed.
“be right and sit tight”
#6
tommyt
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Posted 04 March 2009 - 10:45 AM
GE is probably worth about 5 bucks, it was in a bubble the whole time and realities have caught up with it.
Of course it made mistakes with it's financial arm and got burned by greed.
short term the GE mess is absorbed...bot SPY 70.60 70 stop CAT 24.03 23.20 stop...scorch some bears today? all my longs are just trades in this giant [bleeep] bear.
#7
10Shekel
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Posted 04 March 2009 - 10:45 AM
Don't worry the life boats will be there in 14 business days - Uncle Talf & some really bitter kool-aid.....
#8
bullshort
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Posted 04 March 2009 - 11:56 AM
Trivia: GE is the only remaining company in the original Dow Jones Industrial Average (GM was added in 1925, Exxon in 1928). One has to wonder what it would be trading at if it had stuck to its original business plan and product lines.
#9
MaryAM
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Posted 04 March 2009 - 01:48 PM
down at 6.39 this morning and trading like a bank, how low does it go?
Senor
My broker just called and pulled me out of GEC - preferred - I am only down $2 from where I bought it - and probably broke close to even counting my dividends. He said they won't be able to raise capitol.
Mary Anne
