awhipp
Long

GE - Potential Falling Wedge Breakout to 13+

NYSE:GE   GENERAL ELECTRIC CO
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2
131 8
Bought calls for GE - 13.00+ expiring in 1-2 months
Trade closed: stop reached
Doubling down today?
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awhipp counsellorvasquez
@counsellorvasquez, Nah I trade options so I closed out of mine. Might pick up some 12.00 puts later but not while its falling like a knife.
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Are you selling now that the channel broke right at the end of the day?
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awhipp Walterthegsd
@Walterthegsd, Going to wait to see how price action changes on Monday. Fell today on pretty low volume. Thinking a bounce at 12.10 resistance is probable.
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@awhipp, Already at 11.99. What's the plan here.
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awhipp Walterthegsd
@Walterthegsd, I was stopped out at 12.09 this morning.
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MaJdOo awhipp
@awhipp, hey sorry for u bro. I see a come back on the long term BUT where will be the low?! are we on it?! ;)
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awhipp MaJdOo
@MaJdOo, my trade was for a 13.00 call by next month. This price action does not seem to indicate that will be met so I'm out of GE for a while.
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