Not certain which way GE is going to move, just know that dynamic equilibrium is impossible, or certain upon death, as far as I can tell GE is still alive though flat-lining. Playing both sides might be warranted for this one hopefully without any whipsaw post breakout. Though I am favoring a long position mostly due to some of the technical indicators supporting an upward swing like On Balance Volume, MACD, CCI is improving, and the positive move today after the lower Bollinger was close to being crossed. Plus GE had a lot of quick support when it declined in late June. Lastly, don't know if this is sound logic or not but with each decay of -0.01 results in a loss of -89.6 million since there are 8.96 billion shares. 8,960,000,000*-0.01=-89,600,000 Not saying GE is to big to fail, just saying I don't know if a significant enough event occurred for it to decrease to 29 or loss of -11,648,000,000, granted the same holds true for the target of 33 resulting in a gain of 17,152,320,000. Not certain why either direction is warranted, just have a feeling it will move soon.
Comment:
May have to exit after looking at the Option Chain