GE daily chart shows weakness. I am expecting a pullback to $10.50. I can buy some puts for this. However there's no reversal signal yet. If I wait for a confirmation, the risk to reward will be less. I have decided to buy the risk.
GE SHORT TRADE SETUP
Stop-Loss: 11.60 (0.21)
Take-Profit: 10.56 (0.83)
Risk to reward: 1:3.95
$GE is now trading above its 200-day moving average and has made a series of higher lows. After a solid quarterly earnings report and improved Free Cash Flow, $GE looks much better from a fundamental and technical perspective. If $GE closes above the 200- day moving average, we believe institutions will start coming back into the stock. We think new 52 week highs...
GE is in a supply zone with high MFI. Breaking below trendline. Could see below $9 IMO. I like the $9 puts on this one. Looking for break below zone and into zone below to see if we could hold a swing or not. If SPY calms down and drops this will follow.
The worst looks to be over for $BHGE. The debt problems at its majority shareholder $GE have been an overhang on the stock for the past year. With $GE now selling, it's time to buy $BHGE.
According to investment bank Tudor Pickering, Baker Hughes (BHGE -7.6%) share weakness presents a buying opportunity following news that GE will give up its majority stake in...
It's time to talk about the story of a decade!
It is now clear, that General Electric has been cooking it's books for years now!
Says Harry Markopolos, a legendary whislteblower, who runs a finical fraud detection company, famous with him exposing Bernie Madoff and his Wall Street firm Bernard L. Madoff Investment Securities LLC, a hedge fund that turned out to...
GE, America's sweetheart has been accused of fraud allegations before. This time though, it's by the same person who did it on the Madoff Scheme (Harry Markopolos)
Markopolos’ main points of contention are:
1) GE’s insurance obligations are woefully under-reserved and it has been lying to the Kansas Insurance Department
2) GE shouldn’t have consolidated BHGE’s...
Reminding viewers of what we posted 17 months ago! Lots of research being published today. The simple version is to remember Basel III agreement TCE ratios. That being addressed, GE will need capital.
How that does it remains to be seen.
GE needs a minimum of $32.25 billion adding non controlling equity back to the balance sheet. A maximum of $52.56 billion...