simplesimon

General Electric: Buy Now and Wait

Of all the grand old U.S companies, GE is one with all its irons in all the right fires - namely energy, finance, innovative development, international, and not just poised for lucrative contracts, but already has them in pocket. AFI ( adjusted for inflation) GE is a great candidate for long term -with the dollar driven to a 'dime' by all standards; this, in my view, is the dream ticket at $3.20 a share(AFI) we all wish we had bought 'back when'...back when what? Back when the heebie jeebie securities market was all 'a-doomsdaying'. If you think about it, the media makes a lot of dough pointing out some 'disturbing new frightful thing' ..and does so every single day. Jungle hunters ussed to do this, via the whole village gathering to beat on drums, and drive the prey into a trap. Well. your lion is in the trap. Go get a piece of it. ( disclosure: bought , then sold, and am now waiting on a low price like this one-still waiting and watching for a 'bottom' - Perhaps one more round of economic 'booga-boogla' will do it. )