GE below $9.00 a share..!

Superfreak said:
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.
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I did pretty well not following this advice.
 
Jarod said:
I did pretty well not following this advice.
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You really are retarded aren't you....

"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."

Obviously the market as a whole turned you fucking moron. That helped most companies that were struggling with their share price. Note... GE is up about 25% since that post... right in line with the overall market.

GE still has to deal with GE Cap...
 
his little chart doesn't give turn signals, just signals the dummy after everyone else has made a bunch to jump back in.
 
Topspin said:
his little chart doesn't give turn signals, just signals the dummy after everyone else has made a bunch to jump back in.
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lmao... I am up YTD... how about you? Like I stated before, there is no perfect system. But I didn't take a 30-50% hit last year like most people. Did you?

There will certainly be ONE month or even ONE quarter where a buy and ignore approach will beat technical trading.

But over the past three years, my strategy is up on average per year about 16.5%, while over that same time frame the S&P is down about 13% per year.

roughly 29% outperformance per year.... So if I do NOTHING but park in CASH earning NO interest for the next year, you would only need to return about 140% to catch up.... yeah, I will take that anytime compared to your ignorant buy and ignore strategy. Good luck with that.

Side note dipshit.... Were you out of the market in Jan/Feb this year? If so, did you put your money back in at the start of March?
 
Topspin said:
I lost a qtr mill, still have 3qtrs. how bout you.
What method does Buffett use
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So you were DOWN 25% .... yeah, that is a great strategy you are using. Let me know when you catch up...

Buffett uses buy and hold... and he was down about 40% last year. So he only needs to earn about 60% this year to get back to even.
 
Topper, you really should look at the tech trading with somebody in the office, have them run the numbers. It is very likely you may change your mind. Of course, after riding it all the way down you might want to let them just keep sitting there, and over the next 15 years making little headway (like happened in the 70s.)
 
I am just saying I made a bunch of money with my GE purchase, Ive sold half twice and will likely dump the rest soon!
 
my point is how much have you accumulated supertool?
you didn't have a bad year, if fact you had a great year. Show me you did the same last down turn and I'll be your first paying customer to the newsletter.
I have averaged better than the market in 25 yrs of investing. Do I feel burned by some 30's lance armstrong wanna be who's almost as juvinille as me ragging me on it? NO not as much as losing the money.
75% of money managers can't beat the s&p 500 consistantly, I'm betting your in the 75.
 
Topspin said:
I lost a qtr mill, still have 3qtrs. how bout you.
What method does Buffett use
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And I lost nothing, still gaining. Slower than some but still growing.
My secure investments are doing fine and gold has never dropped to close what I paid for it.
 
Topspin said:
my point is how much have you accumulated supertool?
you didn't have a bad year, if fact you had a great year. Show me you did the same last down turn and I'll be your first paying customer to the newsletter.
I have averaged better than the market in 25 yrs of investing. Do I feel burned by some 30's lance armstrong wanna be who's almost as juvinille as me ragging me on it? NO not as much as losing the money.
75% of money managers can't beat the s&p 500 consistantly, I'm betting your in the 75.
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LMAO... so now you want to get back to whose portfolio is bigger? Just exactly what does that prove? Especially given that you are older than me....

I am ragging on you because you are such a brainwashed moron that you refuse to believe that there could possibly be such a thing as technical trading.... and you are basing that on NOTHING.

It would be similar to me telling you for a FACT that there is no such thing as deep sea oil rigs. Because I KNOW that there aren't. Because the VAST majority of wells in the world are NOT using deep sea rigs. Thus, those deep sea rigs must not exist. You and your fantasy deep sea rigs.
 
Side note toppy... for full disclosure, when I was in college learning finance and economics and througout the early part of my career.... I subscribed to the same 'buy and hold' and 'efficient frontier' line of thinking for investing that you still do. The downturn in 2000-2002 was the first I had actually lived through that I remember. (not counting the 'crash' of 1987)

It was then that I realized why the buy and hold does not work unless you are in a bull market. Buy and hold and the old efficient frontier model does NOT work during a secular bear market.
 
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