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GE Q1 Estimates Widely Off the Mark

I bought 5, 2010 leaps a few weeks ago on GE with a long term perspective, but then the stock was upgraded by analysts. As a result, the chart showed me an unsustainable short-term upward run in the context of a paranoid, profit taking market. I sold before my profit dissapeared. I was amazed by the downside gap. I was lucky. I didn't see THAT coming!

So what now?

In my opinion, there isn't anything wrong with GE that time won't heal. I won't try to catch a falling knife, but I am waiting for some chart structure to indicate an end to this current short term down market (inside of this bear market) and support to be reestablished for GE stock. Maybe it will bounce so fast that GE will leave me behind. Time will tell. I will be watching closely.