Could GE go below $6 again in the near future? What do you think?
"Could GE go below $6 again in the near future? What do you think?"No.And I think you are a stupid short
It can go to 3.
Only if there was a serious corporate catastrophe, like their main headquarters sinking into the earth in quicksand...Otherwise I say GE is going down between $9.50 and $10.00 in the short term.
Book value =10...impossible ...it will not fall below 10 for long since its belwo book and mm's come in with buys at the close.
May be if some facts coming out??
Almost impossible.it dropped really low in the past as no one knew how much GE was exposed to toxic assetts.Also, no one knew how low the earnings were going, nor how much of the dividend was going to be cut.The market pummels stock prices on such unknowns.now, the only thing we are waiting for is the earnings release. if better than expected, price goes way up.If worse than expected, price will drop by like amount (probably not much).If in line, price will depend upon future outlook.
better than expected? in these times? not going to happen. a new bottom can easely be made till september. The summer will be painfull for the industry, and lets not forget, GE had money till the beginning of 2010 at this pace.