7 months ago
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 , , is improving, and the positive move today after the lower 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.
6 months ago
Comment: May have to exit after looking at the Option Chain