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GE: Was NOT A Fan Of The Gap Low, And Still Not

May 9, 2008 10:48 PM

I have not commented on GE as not much to say. Was not a fan of the gap low, on any level, and the gap has never even come close to filling. To have any chance of filling, it would have to clear $33.66 to be long up there, and was a short there, just had not paid any attention to it lately.  It is an avoid, at best. GE is really not a “trading” stock, and will follow the Dow anyhow. The talking TV heads scream how cheap it is, the great “value” it is here, how “cheap” it is at these levels…bla bla bla. That is all fine and dandy, but that isn’t how the market works.

Written by Tom@StockBlade.com · Filed Under GE 

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