Value Trade: General Electric (GE) Part II

Posted Tuesday, September 9th, 2008 8:14 PM in DailyRead, YouDecide by ILive-Dave
Tags: GE, Value Stock, Value Trade

We should all be thanking Lehman for giving us another great buying opportunity! I was relishing in the bloodbath as I had cashed out of my GE position and waited for some sort of pullback, I didn’t expect it to be so soon, but I won’t complain! If you buy a stock with good fundamentals and has gotten beat down with the rest of the market, buy it. I put a buy limit order on General Electric (GE) at $27.75 this time around. I feel the market will open lower on Lehman’s pre market news, but if it’s better than expected I can always up my limit because it’s a but even at these levels. Again, I have complete confidence in the stock to rebound nicely on the next market upturn, as the market downturn had no impact on GE fundamentals, only improves its PE and divvy yield. I will wait for a move to around $29+ just like last time and call it a day.

Comments

6 Responses to “Value Trade: General Electric (GE) Part II”

ILive-Dave Says:
September 10th, 2008 at 11:26 am
FIlled at 28.80, lots of resistance there, and I dint want to sqabble over 5 cents on a value play. Market is up, GE down = dont get greedy!!

I will see you guys at $29 next Monday!
ILive-Dave Says:
September 10th, 2008 at 12:15 pm
congrats to all who made the trade!!
ILive-Dave Says:
September 19th, 2008 at 12:50 pm
The sell limit at 29 were triggered today!

I am checking to see if we qualify for the divvy
ILive-Dave Says:
September 19th, 2008 at 4:32 pm
we will receive the 31 cent dividend/share on 10/27 at the price I bought, that is a yield of 1.11%
Dr. Rosenpenis Says:
October 3rd, 2008 at 1:49 am
Warren Buffet is with you on GE. Not bad company to be in guys.