Ge

dbphoenix

Well-known member
Aug 24, 2003
6,908
1,152
223
#2
Anyone have an opinion of GE right now? Gets upgrade, out of its descending wedge.
The upgrade may mean nothing more than those who have it want to boost the price so that they can get out of it. Otherwise, given that it's declined 70% over the past two years, don't expect a V reversal. If you love it and you're in no hurry, scale in to it. It may get closer to its book value, at which point it would represent a better buy.

Db