1/23/09Folks, I should have told you all long time ago that "Do not long GE" even it is very big company. Consider the balance sheet which you can find out from Yahoo Finance. GE has debt $500+ billion but only has $16 billion in cash. They are bankrupt ghost company. They are dead meat. Look at above table that the loan delinquency is rising for consumer as well as commercial.
Technically, there is no valid or good support all the way to the ground "0". If you really need me to guess it. Next support would be $8-$10. I will see you all to witness GE to land single digits land soon (trading below $10).
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