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Old 02-27-2009, 04:12 PM   #61
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I actually expected they would wait until the earliest possible time to cut the dividend and not make Immelt a liar, i.e the end of the year. Hopefully the .10 dividend is safe; famous last words.

My track record is starting to surpass Ziggy's as contrarian market indicator.. Unfortunately for you all I have no plans to buy or sale any securities in the immediate future, but when I do I'll let you know. Maybe I should start a clifp contrarian indicator newsletter. Each month I'll put out my stock selections and my readers will do the opposite.
Well, if you don't do anything, wouldn't this be a sign that we have hit market bottom and that we should rush out and buy things?
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Old 02-27-2009, 04:28 PM   #62
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Got to love the CNBC Pump Monkey Banshees. They are saying GE should be rewarded for "their courage" in cutting the dividend.

Jimmy Jones Cramer just said that he just bought GE for his trust and predicts from here it will be the best performing DOW stock for the rest of the year.

10 minutes of this happy talk back and forth and they never mentioned once they work for GE.

The reason that people have to state they own, work for, etc, etc, is because of Cramer pumping his company, The Street, when he worked over in 2000 and got fired for doing it. De ja vu.
While I don't particularily like CNBC, to be fair, I must say that anytime I hear them mention GE they are always very clear that GE is the owner of CNBC.
Now, I listen to Cramer even less than the rest of them, so he might be different.
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Old 02-28-2009, 03:25 AM   #63
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So when is GE a buy?
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Old 02-28-2009, 03:58 AM   #64
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So when is GE a buy?
Right before home prices appreciate, the economy turns around, and all of their competitors go broke. My crystal ball is shattered into a 1,000 pieces, so you are on your own.
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Old 02-28-2009, 07:56 AM   #65
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By the way, isn't it surreal that they still have their AAA rating?

You'd think the rating agencies would have learned something in the past couple of years.
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Old 03-03-2009, 11:13 AM   #66
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Wow -- under $7. The Immeltdown continues...
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Old 03-03-2009, 12:10 PM   #67
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i predicted around $14 last october or november when it was trading close to $20, was i wrong
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Old 03-05-2009, 12:18 PM   #68
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they've been talking about GE on Fast Money for the last few days. Karen Finerman who is into value investing on margin with hedging says stay away until there is more information about loan loss provisions
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