GE trade ideas
OPENING: GE OCTOBER/JUNE 4/7 LONG CALL DIAGONAL... for a 2.38/contract debit.
Metrics:
Max Loss: $238/contract
Max Profit: $62/contract
Return on Capital at Max: 26.05%
Break Even: 6.38 versus 6.95 Spot
Debit Paid/Spread Width Ratio: 79.3%
Notes: Another small, bullish assumption engagement play while I wait for April opex.
Inflating VS deflating bubblesPrices do not go up forever. What goes up eventually comes crashing down.
If I told you in the late 90's that GE was going to see under $6 you would say I was crazy.
This chart is intended to compare the deflating bubble of GE with the current inflating bubbles of Google, Amazon, Apple, and the notorious BTC.
While you are in a bubble it is hard to determine exactly how much it will inflate until it pops so we could see them go higher but for how long?
Which of these would you rather invest in?
GEwho is going to save it now? let it die? what are the chances well i think they won't but i think this time goverment will let buffet and friends save this zombies companies on 2018 warren was saying that they would buy it at the right price but what is the right price?
2008 warren made a mistake and bought the company before it bottoms and had to wait a long time to make his money back what is the price i think he will make it different this time maybe 2 to 3$ a share .
Down channelHow long has it been in this channel? Long enough. Market pull back will be dangerous for GE. Laying off some of the brightest men/women in the aircraft engines division was not enough for the market. They want more. You can hire a monkey in a suite at any time. Can't get back years of engineering experience and skills once gone. I think GE is killing its best parts to keep the gangrene of management stuck to it, sucking it dry till nothing is left. Leadership at GE died decades ago.
GE: about to explode?This stock holding on at strong support above 6$.
The 240 min chart shows possible breakout of the triangle pattern.
On the bull side : breakout can push GE to the target area ( in green ) as first target.
On the bear side : massive sell off possible if support not holding. stay tuned!
General Electric - GE Technical Analysis vs Fundamental AnalysiBased on Technical Analysis, we are just waiting the right signal to buy - but HOLD for now
Fundamental Analysis would suggest to hold.
On Monday, GE announced it will cut 13,000 jobs from the Aviation payroll, amounting to 25% of its workforce.
This news has already been discounted by the prices.
For the rest of the year, GE expects to reduce operational costs by more than $2 billion and save over $3 billion more in "cash preservation activities."
General Electric has had a difficult run in recent years, weighed down by market-topping acquisitions and a huge debt load. The company showed signs of a recovery in 2019, but the shares are now down 44% year to date in 2020.
We knew heading into 2020 that GE had serious issues with its energy business and with other units, and still had work to do bringing down debt. Aviation was supposed to be a counterweight for those issues, providing earnings stability and free cash flow.
GE ready to catch up w/ the rest of the market!General Electric looks ready to catch up with the rest of the market. It continues to be held down and consolidate. I expect quite a comeback from a company that certainly isn't going to vanish. I fully expect this to have a full recovery. 50%+ gains in the short term. Check the chart and let me know what you think! Happy Friday all!
GE testing prior lows as GoNoGo Trend remains strongly "NoGo"GE is testing the March lows on the Daily GoNoGo chart. There hasn’t been much to be bullish about though for General Electric as the GoNoGo Trend indicator is consistently painting bearish purple and pink bars. While there may be some support at these levels the prevailing trend is down.
In fact, we recently saw a red re-entry circle which signaled a renewed push down to these lows.
As you’d expect, the GoNoGo Oscillator has been negative during this entire move and has found resistance at the zero line.
We’d need to see enough bullish momentum to push the GoNoGo Oscillator above zero before there would be any confidence that this downtrend is over.
Long GE + Other CI (WEEKLY)Critical Infrastructure (Aviation, Energy, etc.) will see bounceback after COVID-19.
Activities during COVID-19 have been in noble aid to the national interest.
Once the virus begins to leave the spotlight high volume business activities will return, stabilizing the share price.
Long term trade -- Optimum target: ~March 2021
GE More Down Side to Come (Revised)General Electric Company (NYSE: GE )
What is General Electric Company:
Is a diversified corporation and will its products include from electrical and electronic equipment, aircraft engines, and financial services.
JesusTrades Score:
Sell
Scale Score:
Risky (8/10)
Portfolio Hold:
1 month
Is $GE Headed Even Lower..?If Oil and Interest Rates can trade BELOW zero... $GE can at least trade CLOSE to zero. Definitely not something we're betting on, but anything is possible these days. Price is breaking down from an 18-month range below key lows around $6. A measured move of this pattern breakdown targets prices below NEGATIVE 1 for what it's worth.