PennyBagsCapital
Short

$GE is a Bears Appetite

NYSE:GE   GENERAL ELECTRIC CO
NYSE:GE

General Electric is a clear short here. There are bankrupt companies having 100%+ return days ($HTZ) as a result from pure market manipulation from the Fed. Shorting at this point in time would be an early trigger pull in relation to the current market trend, but I am also baking in the assumption civil unrest will only continue to get worse. Once the big boys (hedge funds) pick up the selling pressure out of no where on the Robinhood crew, I believe the selling will cause a waterfall of weak handed retail selling which will cause a much needed and long overdue regression to the mean. Although, I think we cut much deeper than that due to the irresponsible fiscal policy the Fed has implemented over the last few months. Enjoy the Bullish euphoria while it last.

- PennyBag

@LordPennyBag

Comments

This market is dumb and it wont blow up yet. GE is on my list to buy on Monday. In this market you don't look at fundamentals. You look at the chart and think "lol looks cheap" and buy it for a fast profit to milk those idiots. I getting cynical and stop smart plays because they are not profitable.
Reply
AlmadeCubano Ringding58
@Ringding58, If it gaps up tomorrow, you can buy it from me. I'll borrow some, no problem.
+1 Reply
Ringding58 AlmadeCubano
@AlmadeCubano, thanks :D
Reply
@Ringding58 don’t follow the herd to the slaughterhouse
Reply
Ringding58 PennyBagsCapital
@PennyBagsCapital, No I am already out for some fast profit.
Reply
the fed doesn't buy stocks, it buys etfs that buy bonds

explain how that causes companies like htz and lk to moon
Reply
Ringding58 bitdreamin
@bitdreamin, Dumb boomers and RH yolos.
Reply
AlmadeCubano bitdreamin
@bitdreamin, Bit this.
Reply
@bitdreamin individual equities (like $HTZ) make up those ETFs. When the Fed pumps volume into ETFs - pulls equities up
Reply
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