GE monthly
GE daily
Summary
Suffice to add, a fourth day lower, as the mainstream rats are bailing from the sinking ship. Did anyone really think the Dec'2017 low of $17.24 was the ultimate low?
Seen on a giant multi-year chart, the horror story is clear to see, as the stock has imploded from the $31s in summer 2016 to today's $16s... effectively cut in half.
Its bizarre that some of those investing other people's money are still resolutely 'holding on'...
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| Nygren of Oakmark |
Nygren didn't give any upside price target on CNBC this lunchtime. Instead, just whimsical talk about how things are changing. I will hope they invite him on again when the stock is trading at $13, whether late spring, or the summer.
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A sideline note is how Kevin 'shark tank' O'Leary is regularly touting the $13s. As far as I know, I was the first to tout the $13s. Is O'leary a reader of mine? Regardless, it should be clear, GE will never return to its former glory. With the vultures circling overhead, its set to be broken up.. and eventually kicked from the Dow.
