BerkeleyBob

Losing Trades: When to Double Down

I had held GE for the long term, with some buys and sells along the way. I sold all last month because I did not like the exposure to GE Credit and because I felt J. Immelt had had enough time to change the downward course of the common. It is a tough call, because I like the future prospects of some of GE's divisions (wind power, turbines, medical imaging, etc.) I had no qualms in selling BA because I concluded management had repeatedly fudged on delivery dates for the Dreamliner and drastically miscalculated the predictable union reaction to job losses by outsourcing. I doubt I will reconsider BA unless there is reasonable certainty about performance, may reconsider GE if I see a positive catalyst, not likely this calendar year.