After hours there is a 10K block bid at 19.11 Volume was decent as well. Interestingly enough Analysts said sell when GE was trading in the single digits last year. GE was a bargain in the single digits, anyone scoop up a few positions during those Dollar sales days?
Having a Federal Tax bill of $0.00 helps too. Rode GE to profits from Jan to mid April with covered calls.
I was like most and didn't touch the General Everything in the single digits. In March, I played off the pinching Bollinger Bands on the weekly chart and put on the March 16 straddle for 77 cents. That worked out pretty well. Not that it's messing with the 20 level, really need to see how it sets up again.
I bought some Ge around 7.14 back in march of 2009. It was purely a "if buffett bought it around $20 then I shouldnt be afraid to buy it here". it worked out, i sold it at $16 a share a while back...but I am wanting to get back in since it looks to be trending. what are your thoughts of a good entry /exxit point?