| Author | Message | ||
     Paw |
GE's stock is on the rise...A company as big and strong as GE with almost a trillion dollars in assets would not stay down in the single digits for long...It fell to $6 a little over a week ago and in the last few days has started to climb back up it is now at almost $10. I only wish it would have stayed at $6 a little longer before it started to climb. I Only got 2 pay periods at $6 a share with a 50% company match. Pretty soon anyone who bought stock at $6 will doubled their money...won't take long to triple or even quadruple the money. If someone played their cards right they could end up getting a new 1125R on GE. (Message edited by paw on March 12, 2009) | ||
| Stoked |
Well that's some shit to ponder on right there. I can guarentee you one thing though. If I had invested in it you'd see it sitting at 4 dollars right now. I have no better luck betting slots than I do stocks. Even on a grossly under rated company. It's still peoples perceptions that matter. A company could be good as gold, but if folks won't invest, the stock will be shit. And I'm like a Los Vegas cooler for stocks. So be glad I didn't buy any. | ||
| Babired |
I'm buying it along with PNC and DOW | ||
| Paw |
Stoked, I have the same luck as you...I'm buying and look it is going up...Be more positive DUDE!!! | ||
| Babired |
I'd rather put my money into the stocks than the slots. My finance adviser said the 3 I'm buying will go back up. More cushion for my retirement. | ||
| Gentleman_jon |
GE is a well diversified company, but it recently had its credit rating downgraded by the credit ratings agencies. Its dividend was cut for the first time since 1938 , and its earning are down. So, while it may be a good idea to add GE to your portfolio, especially with the 50% match, nothing is more important for long term investors than diversification. Buying index funds, which are now about half of what they were a year ago have plenty of upside, and are much safer. In addition, gloating over short term gains, is just about the riskiest thing an investor can do:-) As JP Morgan famously observed when asked how he thought stocks would behave ,"They will fluctuate". just my .02¢ | ||
| Court |
 I made more in the market, the last two days, than I did at work!. . . nothing like buying ONE share of Berkshire Hathaway, some HOD, Citibank, MS and ED! | ||
| Paw |
"In addition, gloating over short term gains,is just about the riskiest thing an investor can do:-)" I'm not gloating on short term I'm in it for the long haul, say about another 25 years un-till I'm ready to retire. Don't assume my goals or that I have not diversified because your way off pal!!!  Here goes another guy giving the impression not to by GE stock when it is real low...Please do not tell me you think a company like GE is going to end up like General Motors as a few on here say it will be? I wish i could remember the guys name but...a successful advisor said if GE ends up in chapter 11 America will be out of money and have failed. Not only will GE be under but every major corporation from GE to Walmart will be done for. | ||
| Brinnutz |
Man, I wish I had more than a hundred bucks to my name. (and it wasn't already spoken for) | ||
| Babired |
I'm with PAW and so is my money adviser he said the same thing I'm buying GE stock. K | ||
| Xl1200r |
I wish i could remember the guys name but...a successful advisor said if GE ends up in chapter 11 America will be out of money and have failed. Not only will GE be under but every major corporation from GE to Walmart will be done for. They used to say that about GM as well. My comanpy's stock is way low as well, so I started adding more of it to my portfolio. Not much, though. As John said, diversification is key. But being I'm only 25, my portfolio is pretty high risk. Here's to buying cheap! | ||
| Alchemy |
GE, yep, bought the 9th and sold the 12th. All the downturns are not over by a long shot as I see it. Times remain tough. I could buy in again on a pull back. I am uncomfortable leaving profits on the table at this time due to the enormous uncertainty. My hat is off to Jon Stuart for his humor and then some... Hopefully Cramer can do some real service going forward. I like him. | ||
| Jcbikes |
This has been a short covering rally this week. The BEARTRAP has been set. Dow ind. 5,200 is a good possibility yet before its all over. that is what it would take for the PE ratios to be in line. PE ratios are still too high for historical recession history. just my thoughts. | ||
| Court |
>>>But being I'm only 25, my portfolio is pretty high risk. Cool! . . . my youngest is 28 and he;'s a buying fool right now. There are going to be fortunes made, and some folks will take some hits, on some of the currently "depressed only by market momentum" stocks. Act smart . . . it's a long game. | ||
| Paw |
"They used to say that about GM as well." GE is no GM and never will be look at their assets that alone will keep them very strong. Here is a list of the top ten Companies who make products in a factories and their assets, revenue and profits...All numbers are in billions. ..........................Revenue......Assets..... .Profit 1. Toyota.......$230 B.....$326 B......$15 B 2. GM..............$182 B.....$148 B......-$38 B (that's minus 38) 3. Daimler......$177 B.....$197 B......$5 B 4. GE.................$176 B.....$800 B......$22 B 5. Ford.............$172 B.....$279 B......-$3 B (that's minus 3) 6. Volkswagon.$149 B.....$212 B......$6 B 7. Siemens.......$106 B.....$130 B......$5 B ......(GE Biggest competitor in this list) 8. Samsung.......$106 B.....$99 B.......$8 B 9. Arcetor........$105 B.....$133 B......$10 B 10. Honda.........$105 B.....$126 B......$5 B Only Toyota can get close to the numbers GE puts up each year except for the assets, GE blows eveyone away on this list. Overall GE is the better company when it comes to total monies earned. It will be a big mistake not to buy!!! (Message edited by paw on March 14, 2009) |
