GE has been the worst performing stock in a year when even junk is going up. Why would it stop here now that the world knows the dividend has been cut 50% and the price has collapsed 8% in one day and 55% in one year. Even Trump can't save this POS now.
On second thought maybe he could, LOL, with a 500 Billion dollar defense contract, who knows.
Not a bold call, just experience over 40 years tells me this is just starting to get bad. Enron, Lehmans brothers, Kodak......they all started like this.
Could it bounce back up 10% in day, yes, but when and from where? Good luck with that wild guess. Right now the trend is down, and the trend is your friend.
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