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GE trade ideas

We could get a big(ger) discount on a great companyWhat company is the only one that was in the DJIA 100 years ago and still often ends up in? Better, what company was in the DJIA back in 1896 and the only one that is still in the USA, did not get bought by another company, did not die, did not become smaller...? They have survived that long, and grew. In 2000 the company was worth 600 billion (900 billion inflation adjusted), making it one of the biggest of all times, still far behind Saudi Aramco (Apple looks cute in comparison). Afaik the biggest oil company ever is the arab one at over 4 trillion (Standard Oil was in the 1-2 area). I think the record thought... during the period of the Tulip Mania, the Dutch East India Company was worth 78 million Dutch guilders, which translates to a whopping $7.9 trillion in modern dollars. Anyway, General Electric is a "wonderful company" right? I can only recommend reading about them, making sure nothing too crazy is going around. This is actually similar reasoning to what Buffet did with Coca Cola in 1988, which made him immensly rich. But maybe he just got lucky... Seriously, that company survived 2 wars and only grew bigger, they survived the SEC, the american justice system, and they are down 80% from ath. If we get a recession soon (next 2 years) and the price goes even further down, yet the company still keeps doing its thing, and we get to buy at like 5$... Come on lol If this happens I will look and try to find more about them & also check did whatever bad news circle around them already happen to GE? How did it react, etc. Regardless, if it goes really low something like 2.50 and the revenues are still way up there and the company is not shutting down... I mean, the risk is very low and the potential reward would be amazing? Would not even have to go up to ath, 25$ would be a 1000% return, plus these juicy dividends... If investors leave does this even matter to them? They do not sell shares to raise funds do they? Would need to check that. Oh ye, easy mode activated by the way: if it keeps going down with a strong bear trend, and then you suddenly get a spike in price: institutions are buying heavilly obviously they are the only ones that can stop trends like this. Good guys did the homework for us and know this is a great company. What to look for next is for another leg down, hopefully with divergence, and then we buy. We do not care if the price keeps going down because this here is value investing not trading. The institutions do all the hard work, we just sit there and play video games, and we get to buy in cheaper and get better returns :D If the price keeps falling, it is a chance to buy more lower (you only used a few percent of your wealth to buy so you have plenty of money left right?) NEVER USE LEVERAGE this is for idiots only. And people complain that institutions are all powerful and idk what other conspiracy theories. Institutions are my b*tches and I rob them on a daily. Nothing beats being a super mobile quick agile individual that answers to no one.
NYSE:GELong
by MrRenev
GE retracing to below $12With current market GE stock is volatile at best, resistance likely at 11.88 and could retrace to 11.22 area if volatility increases. New CEO has yet to make any significant announcement, although just the announcement caused a nice bounce, which vaporized last week and into this week. Any LONG buyers, wait, wait, and follow the volume. Setting alerts (targets) using warnings. Aka 12.0, 11.90, and 11.50, which would then indicate going full Fibretracement or possibly larger selloff and below recent resistance in 11.25 and 11.20 range. Viewers: Come to own conclusions, Rule #1 and Rule #2. Market is very dynamic , so riding a big wave too far onto sandy beach if not too careful.
NYSE:GELong
by Pokethebear