GE

Off topic here... but Jake...do you have any opinion on FB down here at $145? Have we seen capitulation yet or does it go lower?

I'm no technician, but man, if you look at a 3 year chart... this thing surely looks oversold AF. Its like channel lines were pretty much thrown in the toilet.

Over 2 billion unique views per day worldwide?!
Thats like 20X the record Super Bowl. Everyday!

I gotta think FB is dirt f'n cheap at $145 and 17X forward. Please... tell me what I'm missing here before I bet the trailer.

 

Based on the daily price channel, the lower $130s look possible. Tech stocks breaking down big time.

 

Please see above

 

All hell seems to be breaking loose at GE.

- Uptick rule triggered again today
- Crazy volume

Bloomberg today:
https://www.google.com/amp/s/www.bl...-caution-signs-are-flashing-in-credit-markets

Bonds trade like junk?!

It even made the Keiser report

 

The MACD is trying to curl as the price hovers near channel support.

 

I think that a taxpayer-funded bailout is in order.

 

Thats already been spoken for by PCG.

 

Did you halt trading in GE on your exchange or did the circuit breakers kick in?

 

Vanzy! Long time no talk!

 

Perfect call. Thanks.