Is this the bottom for GE? Obama nationalizing GE?

Discussion in 'Chit Chat' started by maxxy, Jun 24, 2009.

  1. maxxy


    Its no secret that GE has been downtrending the last week or so. Today there seemed to be a hint of strength.

    The question is if this is now the bottom for GE which traded at around 40 dollars a share once a time.

    There were rumors of GE being nationalized by the Obama administration. I guess this may now be off the table (for now).
  2. Forget about the stock.

    How is the company doing AS A BUSINESS?
    Is it generating profits?