ajtj99's Market Pulse

[learningboutinv]

ajtj, I don't have the balls to go long right now on GE because Immelt can't be trusted. I think that is why GE fell out of favor on wallstreet after Immelt said everything was fine in Feb/March but ended up missing. This is old but kinda funny:

http://www.msnbc.msn.com/id/24163368/
updated 12:59 p.m. PT, Wed., April. 16, 2008
"HARTFORD, Conn. - Former General Electric Co. chief executive Jack Welch said Wednesday that he would “get a gun out and shoot” his successor, Jeffrey Immelt, if he allowed GE to miss earnings targets again.

“I’d be shocked beyond belief, and I’d get a gun out and shoot him if he doesn’t make what he promised now,” Welch said on CNBC, a cable station owned by GE. “Just deliver the earnings. Tell them you’re going to grow 12 percent and deliver 12 percent.”"