wtf dividends slashed from 12 to 1 cent per share and an investigation?! Is Larry Culp going to be one of these Shotgun CEOs that does all the nasty dirty work and they bring another guy in to be a hero? https://www.google.com/amp/s/www.ws...ashes-quarterly-dividend-to-1-cent-1540896132
https://apnews.com/e27f83cbf50265c36fd15f2b7ab05c92 is Don't try and catch a falling knife appropriate? is it a buy at $5 like apple n mcdonalds was when they hit there bottoms
Doesn't it cost them more than a penny to pay a penny? I know it's probably symbolic, but if they're truly in a pinch, it's stupid.
surely there are people who are very sad, and there are people who are very happy. very important to comprehend trend, and press buy or sell button at the right sequence.
The MACD is starting to cross to the downside here with a perfect test of the support trendline on the weekly candle. Further breakdown coming?
Moody's credit downgrade, CEO fired and new CEO cuts dividend from 12 to one (1), an SEC investigation, kicked from the DOW, and if that wan't enough, a "blade issue" with their primary power generator. This sprawling company has lost half a trillion dollars since 2004. If I wasn't already long I'd short the beJeezus out of this one.
The daily %R is starting to move through the weekly %R. Is this a sign of a bottom forming here right at the bottom of channel support? Very oversold as well.