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| quote: | Originally posted by infinity HiGH
While I'm no expert, based on what I've learned so far I would say that GE is more of a long term investment, so I wouldn't expect to be making big bucks off their stocks in less than a year. Depending how much you have invested in them, I would just wait it out. If you bought them back in late February for 6.66 then you're already making double your money and it's only a matter of time before those shares climb back to the mid-to-high 30's. |
I think you mean the first week of March, when almost every stock on Earth was at least 50% lower than its present-day price.
GE has consistently performed worse than the index. That doesn't mean they're a terrible buy, just that there are better ones. I dumped them a while ago. Patriot Coal went from $4 to $8 in a week and General Maritime went from $8 to $11 - that is good performance.  And these are good, profitable companies, not hyped-up fad stocks like NVAX.
Hell, I think you could flip DXO or HOU 20 times before GE makes it back up to high $30s. Watch, they'll be down again on Monday or Tuesday, ready for another week of nearly-risk-free returns.
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