GE is pretty fucked. Broke the long term trend line this summer. Has been tanking ever since. So long GE, it's been nice knowing you.
I might buy some in the $5.76 to $6 range to take advantage of the "double bottom" false rally. Expect to sell the rally at $12-14.
SL is the you're fucked box. Stop loss @ $5.60 (assuming you buy at or under $6.
Then will continue trend down to bankruptcy.
I might buy some in the $5.76 to $6 range to take advantage of the "double bottom" false rally. Expect to sell the rally at $12-14.
SL is the you're fucked box. Stop loss @ $5.60 (assuming you buy at or under $6.
Then will continue trend down to bankruptcy.