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Korinthian
Apr 19, 2018 9:08 AM

Sort ahead of earnighs Short

GE AerospaceNYSE

Description

Earnigs are due Friday morning , outlook remain bearish , target 10s
Comments
bigdmail
Can you support your position please. Are you recommending a short prior to earnings... at a certain price... with any conditions? And, how have you determined a target in the 10s. It seems that you have only published a 'gut feel'. Personally, I would suggest that you not short here. While the long term trend is done, the current trend is actually positive -- and this despite every possible negative analyst and news story about GE in the last week. This leads me to believe that all of the immediate bad news is already priced in. Tomorrow can only be a surprise to the upside. Also, while there is a trend line above to provide resistance, support in and around 12.8 is there too. Bad news tomorrow and GE stays within that 12.80 - 13.66 range. Good news and it breaks the resistance line just pennies above. That's why this is a bad setup for shorts. G/L
vmaksimovic
@bigdmail, I tend to agree. Seems like there are more indicators of price bottoming then price decline.
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