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#1831 | |
Fish are scared of me
Join Date: Nov 2001
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Quote:
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Posts: 40,663
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#1832 |
MVP
Join Date: May 2001
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Posts: 18,177
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#1833 |
Buddy Christ is a Chiefs fan
Join Date: Nov 2008
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Would anyone consider buying GE? They are having problems and their stock is very low right now. To me that almost seems like the right time to buy. I would suspect they will get their shit together and it would come back up.
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Posts: 10,639
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#1834 |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
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This may not be a bad time to start picking it up. Rumor has it Buffet is starting to get involved. If not him, it's ripe for someone else to start doing similar.
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Posts: 129,070
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#1835 |
Fish are scared of me
Join Date: Nov 2001
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I'm chomping on it . One read I saw says $8 may be the bottom but I'm wondering if it's there now. I haven't bought any yet but I have my finger on the trigger . If they spin off their losing business entitys it will start taking off and I understand that's their plan.
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Posts: 40,663
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#1836 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
Until they put together a strategic turn around plan, I’ve got better places to put money. |
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Posts: 45,942
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#1837 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Quote:
The Crux will be whether or not it’s worth a flying feces. |
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Posts: 57,432
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#1838 |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
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On a very short term basis, GE is starting to show some positives. The $12ish handle could be a good buying point.
On a long term basis the stock looks like crap. But, if the rumors are true around this stock I don't see it going much lower. The breakup value of the various GE businesses will start to become very attractive. There was a false buying opportunity around the $18 range in January that a lot of people bought into. They most likely have been shaken out now and the time to buy is more likely now that all of them have bailed. |
Posts: 129,070
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#1839 | |
Fish are scared of me
Join Date: Nov 2001
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Quote:
High five on X. We nailed that sucka! It's at 34 now. |
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Posts: 40,663
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#1840 |
Fish are scared of me
Join Date: Nov 2001
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added a little moar NFLX this morning premarket at 281.40
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Posts: 40,663
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#1841 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
And yes, that was great. Doubled my money on it! Thanks for investment conversations we’ve had. |
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Posts: 45,942
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#1842 | |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Quote:
If I held onto the puts after I sold the stock, I would have MADE money a few days later. GE has worse problems than they claimed to disclose at the big write down. I don't trust their accounting and that all the bad news is still out. I could see more dividend cuts. Looks cheap but it could get under $10 IMHO. I certainly didn't think so at $19+ when I bought shares. ![]() |
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Posts: 51,496
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#1843 |
**** off
Join Date: Feb 2007
Location: New York
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I'm a n00b to this thread, but my spouse just lost her job and I'm taking care of all the bills. Things are snug, but we're not worrying about our lights being shut off.
My question to everyone is should I lower my 401K contribution until she finds something new? Sure in the short term I'll get a little extra in my check, but is it worth it to do so in the long term? Currently, I put in 8% with my company matching up to 5%. |
Posts: 5,235
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#1844 | |
Banned
Join Date: Jan 2013
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Quote:
Perhaps invest the 3% into an IRA so you can access if needed. |
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Posts: 53,803
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#1845 | |
Fish are scared of me
Join Date: Nov 2001
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Quote:
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Posts: 40,663
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