Laugh it up but that stocks gonna stay in my longterm portfolio. 10-15 years from now GE will be good and so will the dividends.
If I gave this chart to some uninformed 3rd graders, where do you think they will tell me the bottom is...I did just that and they told me not to buy until it gets under 20. Im going to listen to these wise words from folks who are probably vastly more intelligent then most people on this board.
GE is and old school old economy stock. Won't get rich investing in these companies. The old money in this stock only to collect dividends.
You could always play it like this http://whatstrading.com/2008/07/22/general-electric-company-ge-2850-293/ with a straddle or strangle.
GE is a good stock especially under 27. Not sure if it will touch under 27 anymore. Yeah its an old boring bluechip but I would rather stick my money in GE vs buying bonds and have it be a part of my long term portfolio. They increase dividends and have a solid record of payout. I added a nice chunk of GE cheap. Lock in those yields today and you will be collecting some nice dividends 10 years from now.
You're probrably right. Since it's the only Dow stock that was part of the original index in 1896, it will probably be around for another 30 or 40 years at least. Probably a good long term buy
4.35 Yield. Those arabs aint stupid, They would rather load up on GE than buy more US Fiat dollars. At least GE has real tangible value compared to buying up those fiat dollars. Mubadala is fat on American Oil money and it is gonna get put into GE. Remember the dividend yield grows and if he has a 5-10 year span GE is the better deal than some CD.
They aren't stupid...why would they even bother holding US dollars. GE is converted to US dollars when sold.
The strength and buying power and stability of the US dollars is why foreign investors invest in US companies and bonds. The decline in the US dollar is troubling. I guess fundamentals such debt and war debt matters to the real economy.