GE: Finally A Low I like

June 16, 2008 11:46 PM

GE has to hold $28.38, IMO. We will know where we are tomorrow on this trade after Goldman releases before the bell. If we are going to be “ok” after PPI and GS, the trade is LONG GE here. If the market and the Dow is going to make gains, GE has to hold today’s low. Period.

This appears to be a decent risk/reward/trade. The valuation has come down, we have the number, trade it.