joesavage

Forget GE, These Are the Industrials Investors Should Consider Owning

Ok, maybe I was a bit tuff on you, but it still does not take away the fact that whoever they are and the AP and other news services were saying the shorts on GE were saying “Massive Short Positions in General Electric” That’s fine but also after the stories came out and the longer GE did not get close to the short of about $7.34 the constant and same stories were being put out , the doom and gloom about GE . I have no problem reporting the truth good or bad but the stories had much speculation in them, one on what Moody was doing even had to be corrected as it came close to a downright lie. I live in the real world and some analyst I think did start to worry about missing the short and did go out of the way on reporting the same story more than 2 to 3 times a day and adding to the fear, their fear they would not make the short. On 2/6/09 a story came out 4 times by a very well known analyst on GE rating 'unsustainable, same place put it out about 3 hours apart four times. So yes reporting is fine, cramming it down your throat is a scare tactic and it was by far done by so many big analysts and oddly enough it was when the Massive Short Positions in General Electric story came out that the bombardment of very negative stories came out. Stories also were out about the people with shorts causing the stock to go down. As far as you taking GE down, NO, but when you add up the dozens of analysts with shorts on GE, yes they can bring a company down. The world is full of Bernard Madoff’s and yes while a lot of analysts would not do that many would and without a sign on their back it’s hard to tell who would but a good sign is a story that is put out day in and day out with the same info and mostly speculation on what could happen to a company not what is happing. Odd the stories seem to cool down when the shorts cool down, the company does not change just no shorts no story to add the fear to sell.
As for you, yes I am probably wrong about you. It was not you hammering away with the same story. I do think you were just giving your views like I am. Yes I do get carried away and I know that. As for the holier-than-thou moral, I would not go that far, but I do really care about people, people I don’t even know so if that makes me holier-than-thou moral I’ll take it !! 





On Feb 09 07:01 AM Alan Brochstein wrote:

> Joesavage,
>
> I resent your holier-than-thou moral superiority argument. First,
> you accuse me of trying to "take down" GE. What a joke! I am a grain
> of sand on a beach. As I have stated, I am not even short GE directly
> (I am not short any individual stock). I have published many negative
> articles over the past 2 years that I have been blogging (and positive
> ones as well). While one of my major goals in publishing my views
> is obviously to promote myself and perhaps find new clients (institutional
> money managers), another very important driver is to provoke individual
> investors to think about opportunities and RISKS. I fervently believe
> that despite being in the worst bear market of our lives, investors
> continue to not fully grasp the risks to equity investments.
>
> When you say the "you and your kind got us into this mess", I can't
> help but think that you haven't reviewed my record, which is easy
> to do thanks to Seeking Alpha. I published several big-picture concerns
> beginning in the summer of 2007 trying to warn of the impending economic
> problems. I have on several occasions provided critical analysis
> of the Fed and the government and made recommendations regarding
> how to better approach these problems and challenges we face. <br/>
>
> To speak negatively but truthfully is not evil but rather noble,
> especially compared to saying nothing or, worse, sugar-coating. What
> is evil is the fact that our government and corporate leaders have
> for years practiced such fiscal irresponsibility and lack of oversight.
> I can't tell you how many people contacted me after the "value pit"
> GE article by phone or email. I hope that some of them did sell and
> save a portion of their life savings, and believing that they did
> actually does help me sleep at night!
>
> I appreciate that you are frustrated by the current situation, but
> your angy diatribe towards me is extremely misplaced. Don't shoot
> the messenger!

Forget GE, These Are the Industrials Investors Should Consider Owning

My guess is Alan Brochstein and other analyst has a short on GE. You and all the other greedy people betting against American Companies is what are taking the stocks down and some good companies. Hope you lose on Feb 23 shorts. Seems GE has not fallen fast enough for them so they put like 3 or 4 stories out a day like Mr. Brochstein story trying to bring it down, hope you lose your butt of on the shorts. So Mr. Brochstein you “didn't offer a prediction of how low I expect it to trade, but I can argue that the stock could fall another 50%” Seems you do offer a prediction, just shows you’re a bit worried about losing your shorts is what it sounds like. Doing and saying whatever you can to bring the stock down.

You and your kind got us all into this mess and now you all seem to know it all, were where you and your predictions to let us all know how bad it would get, no place because you knew nothing then and you know nothing now. Only now you do your best to short stocks making your greedy money knowing people are scared and its easy to scare them to sell when almost no company is doing well in the market and again the same people that made so many people lose money and retirement are getting rich scaring them into selling so your kind can get rich all over again, all you analyst make me sick and know nothing.

I look at it like this, kind of like when the Katrina Disaster hit, or any Disaster. Most people are trying to help, BUT then we have the looters, analyst are like looters looking for a way to make a buck at someone else’s expense, not helping in any way other than helping themselves to a free ride. Hope the shorts bite you in the butt.

Try helping and stop worrying about the almighty dollar. No, I have no stock, never had enough money to buy into stocks, it just makes me sick to know we have so many people who should be helping instead of looting while others are suffering so. Yes, I sleep well at night, do you?