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02-27-2009, 03:12 PM
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#61
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Moderator Emeritus
Join Date: Dec 2005
Posts: 10,125
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 Quote:
Originally Posted by clifp
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.
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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?
__________________
Angels danced on the day that you were born.
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02-27-2009, 03:28 PM
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#62
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Posts: 1,930
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Quote:
Originally Posted by Gpond
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.
__________________
"We do not inherit the earth from our ancestors, we borrow it from our children.
(Ancient Indian Proverb)"
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02-28-2009, 02:25 AM
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#63
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Full time employment: Posting here.
Join Date: Oct 2007
Location: New York
Posts: 898
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So when is GE a buy?
__________________
Money's just something you need in case you don't die tomorrow.
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02-28-2009, 02:58 AM
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#64
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2006
Posts: 7,693
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Quote:
Originally Posted by Maurice
So when is GE a buy?
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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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02-28-2009, 06:56 AM
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#65
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Full time employment: Posting here.
Join Date: Oct 2007
Location: New York
Posts: 898
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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.
__________________
Money's just something you need in case you don't die tomorrow.
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03-03-2009, 10:13 AM
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#66
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Wow -- under $7. The Immeltdown continues...
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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03-03-2009, 11:10 AM
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#67
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 1,543
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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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03-05-2009, 11:18 AM
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#68
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 1,543
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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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