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General Electric Company Message Board

  • wyo34 wyo34 Aug 16, 2013 2:18 PM Flag

    I hate GE's CEO but should I buy this p!g?

    Much like the NFL...I never bet the team I like...

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    • Wall St. Cheat Sheet: "Why Are So Many Investors Shorting GE?"

      Because Blue Snowshoe told Investors to SHORT IT. Blue also called the TOP and DROP of GE @$24.95.
      Here I'll help Wall Street Cheat Sheet out............. Here's why so many INTELLIGENT Investors are shorting GE:
      1) GE's Q2 EARNINGS were DOWN 4% from last year's Q2 and GE's REVS in Q2 were DOWN %5.
      2) GE and Jeffrey Immelt have bet the GE farm on CHINA which is in the middle of a HARD LANDING. Tonight's headlines from Bloomberg on CHINA is MORE BAD NEWS for GE: "China 3% Growth Risk Seen by Barclays Signals Likonomics Anxiety"
      3) GE INSIDER flips 1.2 MILLION in GE stock AFTER earnings are reported:

      Date

      Insider

      Shares

      Type

      Transaction

      Value*

      Jul 22, 2013

      COMSTOCK ELIZABETH JOfficer

      49,300

      Direct

      Sale at $24.87 per share.

      1,226,091

      Jul 22, 2013

      COMSTOCK ELIZABETH JOfficer

      70,000

      Direct

      Option Exercise at $9.57 per share.

      669,900

      4) CRAMER rated GE as a BUY. As any INTELLIGENT Investor knows about Cramer and you can quote Blue Snowshoe on this fact, "Cramer could CON the STINK out of a TURD." (For the record right before the stock market CRASHED Jim was telling Investors to "BUY, BUY, BUY!")
      5) GE ONLY met earnings est. in Q2 because anal-cyst dropped the est from 40 cents to 36 cents DURING THE Q.
      6) Days into Q3 earnings est. for Q3 have been dropped from 40 cents to 38 cents and dropped the 2014 YEAR est. from 1.83 to 1.82.
      7) While many stocks have recovered to pre-crash levels GE trades where it did in the 1990s.
      8) GE's practice of and HISTORY of backing TERRORIST NATIONS and support of COMMUNIST CHINA. Due to HOW the company is run many Investors not only won't buy GE stock, they have stopped buying GE products too.
      9) Loss of GE's AAA Rating.
      10) GE's INTEGRITY PROBLEM: Investors with a brain clearly remember when GE slashed the dividen by 68% to 10 cents a share down from 31 cents. GE reduced the div to save GE's AAA rating which they promtly lost anyway. All these YEARS late

      Sentiment: Strong Sell

 
GE
27.39+0.08(+0.29%)12:21 PMEDT