GE trade ideas
First FDA clearance for AI X-ray systemGE's (GE +1%) health unit has won FDA approval for a new artificial intelligence-powered X-ray device that reduces the time to diagnose and treat a collapsed lung from eight hours to as little as 15 minutes.
The device, called the Critical Care Suite, uses AI algorithms to scan X-ray images and detect pneumothorax, which affects approximately 74K Americans each year.
GE is also working to enhance the technology to detect other health conditions.
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GE Share prices have reversed the downtrendGE Share prices have reversed the downtrend and are heading towards 9.40 target. The next target is estimated at around 9.75 - 10.00. GE share prices need to maintain above 8.75 to hold the current trend.
GE - Share prices approaches 9.40 targetGE share prices have reversed the trend to the upside but still, need to maintain its trading activities above 8.75 to proceed to its next target at 9.40. A break above 9.40 could see share prices continue to 9.75 and 10.00. Share prices could head down to 8.40 if it drops below 8.75
GE ShortWe will enter a short position once the gap at $9.03 fills. Then the stop will be above an extremely important supply/demand zone and the target is about $0.67 Yep, we're looking for an Enron. If we get stopped out, we'll just look for another entry opportunity with price confirming our fundamental bias - most likely on a breakdown of the S/D zone. Imagine what GE collapse will do to S & P 500!
Its easier to Read $GE if you invert the chart Looks bullish based on every measure you can find. Volume is only ramping for breakouts, look for EoY selloff catalyst or ratings downgrade to go Sub $7.00
Lifetime opportunity, soon Bankruptcy, short with PUT options!!It's time to talk about the story of a decade!
It is now clear, that General Electric has been cooking it's books for years now!
Says Harry Markopolos, a legendary whislteblower, who runs a finical fraud detection company, famous with him exposing Bernie Madoff and his Wall Street firm Bernard L. Madoff Investment Securities LLC, a hedge fund that turned out to be a giant Ponzi Scheme!
The company is allegedly lacking 39 billion in cash, that being a conservative estimation, covering up it's losses with sophisticated accounting and it's organizational structure!
I am long PUT options on the 2.00-1.5 level with 4-6 moths expiration, and will be adding to the portfolio each month!
When the company announces it's bankruptcy the stock price will go below the mentioned levels, ideally to a couple of cents per share!
A MASSIVE opportunity with 1:100/ 1:300 returns, as the put options on these levels are currently worth almost nothing!
even if the odds of it going bankrupt is 1:2, the risk return ratio is just mind blowing!
It is important to note, that I am taking 4-6 months as an average for the previous cases of such fraud detection, like Enron and WorldCom, which both went bankrupt within 4 moths after the exposure!
S NYSE:GE o I am just being on the safe side here, being up put options with further expiration each month!
It does not matter how the stock's price behaves during these 4 months.If it goes up, take it as the opportunity to double down on your PUTS position.
Short Opened - Puts 3.20.20 $6.00GE vulnerable to suffer from macro contraction, lots of lingering pension obligations, innovation R&D burn, shrinking moat
General Electric Americas Old Company Is A BuyTarget Alltime High Or Dump! Like, comment, share. I need points to comment in chatrooms.
GE - short-term bearish, long-term bullishMy trade strategy for this stock pick.
Enter - LONG "GE" at $5.21 (if I'm lucky enough to see its price at these levels)
EXIT - STOPLOSS at $3.72 & PROFIT TARGET at $9.82
Risk/Reward - 1:3
GE price created new support lineGE price touched supportline and possibly go long for short time. I also watching this one .
GE shortBig gap downwards breaking through support area on huge volume at 9.00$/share.
Take short position at level 8.80-9.10$ with target at 7.30$.
Stop-loss at 9.30$
Don't let GE's accountancy issues ruin your trading account. We definitely will not be bottom fishing in GE, this saga has just started and regardless of who is right about the allegations, Wall Street does not benefit. Seeing a representative of a undisclosed short seller appear on TV and accuse the Company of extreme malpractices seems criminal to me. On the other hand is GE have actually done what the accused of the ramifications will be horrendous.
GE broke down from 10 dollars. Possible buying opportunity?GE has been in a big down trend since 2000! where it reached around the seventy dollar area. Now it's going back down after several months in the 10 dollar area. The next levels to watch are around 6.50 where it could be a possible great buy even with all the negative factors. It is none the less a well known brand and there is something to be said for that fundamentally speaking. I'll be keeping an eye on this one over the next few weeks.
Possible 100%+ return! (Not trading or investment advice.)
General Electric - Expect volatilityGE, America's sweetheart has been accused of fraud allegations before. This time though, it's by the same person who did it on the Madoff Scheme (Harry Markopolos)
Markopolos’ main points of contention are:
1) GE’s insurance obligations are woefully under-reserved and it has been lying to the Kansas Insurance Department
2) GE shouldn’t have consolidated BHGE’s financial statements, which are a source of confusion
3) GE’s evolving presentation makes it very difficult to evaluate GE’s operating performance.
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In response to the whole ordeal, General Electric's CEO bought $2million in shares.
