Starting to acquire at these levels think most of the downside issues are priced in
Soon. Not yet. Maybe 7.00 or lower.
I'm not good at picking the bottom so I will let in and to a low end averaging
Among other things, the PE rate is still somewhere above 12. Relatively low, but that tells me there is plenty of room to the downside. GE's earnings continue to take hits, and their organizational approach, while innovative a few decades ago, is in serious need of modernization and for an organization of this size, that is no small task and will take an extended period of time to achieve.
If I were to consider GE, I would wait for the PE to approach 7 while watching for this transition to at least get a serious start. They have new leadership, which lead to a spike a few months back, but that new leadership has yet to show investors any real promise.
Hope you didn't listen to me. The street really liked GE selling Baker Hughes. They liked it for both stocks. Go figger
Might, IMO, be a temp spike... But a very nice move on the day. Somewhere around 8.5% on the day.