The Intelligent Trader » general electric http://intelligent-trader.com Tue, 07 Sep 2010 13:07:34 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 The Intelligent Trader: GE Drops the Hammer http://intelligent-trader.com/the-intelligent-trader-ge-drops-the-hammer/ http://intelligent-trader.com/the-intelligent-trader-ge-drops-the-hammer/#comments Fri, 11 Apr 2008 12:48:00 +0000 Robert Christy http://sparkplugseo.com/trader/the-intelligent-trader-ge-drops-the-hammer/ ge The Intelligent Trader: GE Drops the Hammer
Slammed. General Electric put the whammy on us a little while ago and that’s probably the high point of the day.

I was having dinner with a client last night who happens to work for GE financial. I was telling him that I thought all of the bad news that could possibly be forthcoming was already priced into the market. My dinner companion said that he didn’t think so.

In fact, his take on things was far gloomier than mine. My guess is that he knew something that I didn’t.

The news on GE isn’t the end of the world – doggone close though. We’re still on OFFENSE, or in the Capital Appreciation, mode. Let’s see how the market reacts and we’ll go from there.

Keep your head down.

RAC
The Intelligent Trader

Robert Christy is a professional stock trader and money manager. He also publishes The Intelligent Trader. At the time of publication, Mr. Christy may from time to time write about stocks in which he or The Intelligent Trader has a position. In such cases, appropriate disclosure is made. Under no circumstances does the information in this column represent a specific recommendation to buy or sell stocks. Mr. Christy appreciates feedback and invites you to write him at rac@intelligent-trader.com.
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