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Thread: GE below $9.00 a share..!

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    Default GE below $9.00 a share..!

    Is it finally time to buy?
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    18 U.S. Code § 2071 - Concealment, removal, or mutilation generally
    44 U.S.C. 2202 - The United States shall reserve and retain complete ownership, possession, and control of Presidential records; and such records shall be administered in accordance with the provisions of this chapter.


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    trading at 5x trailing earnings and 13% dividend and they made 17 bill last year.

    shit I wasn't looking but if I don't see any immediate threat to the dividend I may buy a few thousand shares
    The stone that the builder refused
    Will always be the head corner stone

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    Quote Originally Posted by Jarod View Post
    Is it finally time to buy?
    Not yet... the technicals look like shit... a straight down trend since the end of 2007 with no indication that it is going to break the downward slide.

    The financial segment of GE is a mess and could threaten their dividend.

    Bottom line.... is it terrible here? over the long term you would likely be fine buying and holding GE. But until this market as a whole turns, it will likely continue to slide.
    Quote from Cypress:
    "Scientists don't use "averages". Maybe armchair supertools on message boards ascribe some meaning to "averages" between two random data points. And maybe clueless amatuers "draw a straight line" through two random end data points to define a "trend". Experts don't.

    They use mean annual and five year means in trend analysis. Don't tell me I have to explain the difference to you. "

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    Food for thought....

    The Dow broke its 50% retracement level of the 1982-2007 bull market. That is a major negative technical break.

    The S&P is hanging just above its 50% breakpoint. (If it closes at or below 740... that will be a break)
    Quote from Cypress:
    "Scientists don't use "averages". Maybe armchair supertools on message boards ascribe some meaning to "averages" between two random data points. And maybe clueless amatuers "draw a straight line" through two random end data points to define a "trend". Experts don't.

    They use mean annual and five year means in trend analysis. Don't tell me I have to explain the difference to you. "

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    freak how can one find out the potential losses of their financial sector.
    I'm starting to buy some bonds funds, swore them off as a total stock guy for 25yr, but now I just feel like it's throwing good money after bad, like aig and citi.
    The stone that the builder refused
    Will always be the head corner stone

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    My other question is about Ford, what do you guys think about buying?
    4,487

    18 U.S. Code § 2071 - Concealment, removal, or mutilation generally
    44 U.S.C. 2202 - The United States shall reserve and retain complete ownership, possession, and control of Presidential records; and such records shall be administered in accordance with the provisions of this chapter.


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    Quote Originally Posted by Topspin View Post
    freak how can one find out the potential losses of their financial sector.
    I'm starting to buy some bonds funds, swore them off as a total stock guy for 25yr, but now I just feel like it's throwing good money after bad, like aig and citi.

    If anyone knew the answer to that question (as applied to all financials) we wouldn't be in half the mess we're in right now.

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    Quote Originally Posted by Dungheap View Post
    If anyone knew the answer to that question (as applied to all financials) we wouldn't be in half the mess we're in right now.
    Yeah lots of experts thought they knew.
    And we are still listening to the same experts to get us out of the mess they created.
    Bush doubled the debt from 5 trillion to 10 trillion.
    Proving tax cuts work!

    Bush asked for and signed for the TARP money.
    The Republican senate leader backed Bush on this.

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    Quote Originally Posted by Topspin View Post
    freak how can one find out the potential losses of their financial sector.
    I'm starting to buy some bonds funds, swore them off as a total stock guy for 25yr, but now I just feel like it's throwing good money after bad, like aig and citi.
    I dont know the answer to that top. Typically you can look at the financials of a company and determine what the potential for loss is. But in this market it is hard to determine given that as a stand alone they should survive, but if other companies continue to fall it could snowball and still hit them.

    Look at what JP Morgan just did. They were pretty strong relative to other financials. Yet they slashed their dividend to provide a better cushion should things continue to get worse. GE's financial segment is not as strong as JPM. But they also have other segments that can help offset this segment.
    Quote from Cypress:
    "Scientists don't use "averages". Maybe armchair supertools on message boards ascribe some meaning to "averages" between two random data points. And maybe clueless amatuers "draw a straight line" through two random end data points to define a "trend". Experts don't.

    They use mean annual and five year means in trend analysis. Don't tell me I have to explain the difference to you. "

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    Quote Originally Posted by Jarod View Post
    My other question is about Ford, what do you guys think about buying?
    Buy Toyota

    It is the best run auto company in the world. I would not touch any of the US automakers.
    Quote from Cypress:
    "Scientists don't use "averages". Maybe armchair supertools on message boards ascribe some meaning to "averages" between two random data points. And maybe clueless amatuers "draw a straight line" through two random end data points to define a "trend". Experts don't.

    They use mean annual and five year means in trend analysis. Don't tell me I have to explain the difference to you. "

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    Toyota Motor Corp $31+ a share...

    Ford $1.88 a share....


    Ford might be a good buy at this price, I believe they will survive this crisis, but I am not sure.
    4,487

    18 U.S. Code § 2071 - Concealment, removal, or mutilation generally
    44 U.S.C. 2202 - The United States shall reserve and retain complete ownership, possession, and control of Presidential records; and such records shall be administered in accordance with the provisions of this chapter.


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    Quote Originally Posted by Jarod View Post
    Toyota Motor Corp $31+ a share...

    Ford $1.88 a share....


    Ford might be a good buy at this price, I believe they will survive this crisis, but I am not sure.
    Toyota is at $65 per share.

    Share price does not indicate VALUE. A stock being cheap doesn't make it a good buy.

    If you gain ten percent, does it matter what the original stock price is? Of course not. If you lose 20% does it matter? Of course not.
    Quote from Cypress:
    "Scientists don't use "averages". Maybe armchair supertools on message boards ascribe some meaning to "averages" between two random data points. And maybe clueless amatuers "draw a straight line" through two random end data points to define a "trend". Experts don't.

    They use mean annual and five year means in trend analysis. Don't tell me I have to explain the difference to you. "

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    Quote Originally Posted by Superfreak View Post
    Toyota is at $65 per share.

    Share price does not indicate VALUE. A stock being cheap doesn't make it a good buy.

    If you gain ten percent, does it matter what the original stock price is? Of course not. If you lose 20% does it matter? Of course not.
    I understand that but it would be more likley, from my perspective, that ford would go to $4.00 a share than it would be for Toyota to double.
    4,487

    18 U.S. Code § 2071 - Concealment, removal, or mutilation generally
    44 U.S.C. 2202 - The United States shall reserve and retain complete ownership, possession, and control of Presidential records; and such records shall be administered in accordance with the provisions of this chapter.


    LOCK HIM UP!

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    I'm going to look at there qtr report and do a little. Fortunes are made at bottoms not tops.
    The stone that the builder refused
    Will always be the head corner stone

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    30K DOW toppy, just wait for it.
    Bush doubled the debt from 5 trillion to 10 trillion.
    Proving tax cuts work!

    Bush asked for and signed for the TARP money.
    The Republican senate leader backed Bush on this.

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