Who the hell knows . I threw 1K at a chiefs fans success so I'm good.
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For all we know he could be a 49er fan now.
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Would anyone consider buying GE? They are having problems and their stock is very low right now. To me that almost seems like the right time to buy. I would suspect they will get their shit together and it would come back up.
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This may not be a bad time to start picking it up. Rumor has it Buffet is starting to get involved. If not him, it's ripe for someone else to start doing similar.
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I'm chomping on it . One read I saw says $8 may be the bottom but I'm wondering if it's there now. I haven't bought any yet but I have my finger on the trigger . If they spin off their losing business entitys it will start taking off and I understand that's their plan.
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Sometimes stocks are “cheap” for a reason. Ask people on here who bought GE near $20.

Until they put together a strategic turn around plan, I’ve got better places to put money.
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I’d bet the farm they have one. They just don’t have to disclose it. So they won’t.

The Crux will be whether or not it’s worth a flying feces.
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On a very short term basis, GE is starting to show some positives. The $12ish handle could be a good buying point.

On a long term basis the stock looks like crap. But, if the rumors are true around this stock I don't see it going much lower. The breakup value of the various GE businesses will start to become very attractive.

There was a false buying opportunity around the $18 range in January that a lot of people bought into. They most likely have been shaken out now and the time to buy is more likely now that all of them have bailed.
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When they announce that plan you're gonna get in on the way up. It may move quick. It's closed at 13.12 today. I'm sitting on X cash waiting for a good play.

High five on X. We nailed that sucka! It's at 34 now.
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added a little moar NFLX this morning premarket at 281.40
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Yea could be a good short term play on that. I’m just not sure what’s a good buy price. Many thought $20 was it.

And yes, that was great. Doubled my money on it! Thanks for investment conversations we’ve had.
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I got very very lucky with GE. I sold the stock at $17 for a nearly a $3,000 loss but thanks to having PUT options that went up nicely, I sold the puts shortly after selling the stock and lost only about $280 dollars.

If I held onto the puts after I sold the stock, I would have MADE money a few days later.

GE has worse problems than they claimed to disclose at the big write down. I don't trust their accounting and that all the bad news is still out. I could see more dividend cuts.

Looks cheap but it could get under $10 IMHO.

I certainly didn't think so at $19+ when I bought shares. :-)
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I'm a n00b to this thread, but my spouse just lost her job and I'm taking care of all the bills. Things are snug, but we're not worrying about our lights being shut off.

My question to everyone is should I lower my 401K contribution until she finds something new? Sure in the short term I'll get a little extra in my check, but is it worth it to do so in the long term? Currently, I put in 8% with my company matching up to 5%.
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I'd reduce to 5% because it's foolish not to take the match. Until she finds new work. But a 3% differential probably isn't that much. And with this crazy market it might not be a bad idea anyway. Really depends on how long you think she will be out of work and how snug you really are.

Perhaps invest the 3% into an IRA so you can access if needed.
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I wouldn't change my contribution. I'd tell the wife to not go to walmart to buy a damn thing until she's got a job. Or you could sell your laptop.
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