Currently Short General Electric.
at the price of $27.50 @ 100 shares.
Hopefully this short pays off.
As goes GE so goes the market.
If you see any miss by GE, get ready to fire the order on:
SKF
SDS
SRS
QID
There are all ultrashort ETF's and short the market in some way.
Edit:
If you notice a up side move in the stock. If GE beat by 1 or 2 cents.
You will probably see it sell of later in the day.
GE is down 25% Year to Date. People that bought before last earnings are probably looking for any opportunity to get out of this stock.
Stocks like this come down fast, go up slow. Especially in a slow economy.
On the flip side I give it a $30 price target if they beat earnings substantially.
3 comments:
I agree with this move because your intuition about earnings is usually right...
And even if GE beats expectation one can expect a sell off because people might want to cash out.
Verdict Short GE
GE should do ok because their products are always in demand
Mr. Anonymous we will see on 5 AM PST tomorrow.
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