I see analysts are divided about GE stock – between strong buy and strong sell. It has been shorted all this year. Do you think it could be a good investment?
Not yet. I think at some point it will be. It’s GE, there’s no way GE is going bankrupt and out of business.
GE reported Q3 revenue of $33.47 billion. The only focus is on timing. We need to see more of a consolidation move and then we want evidence of other traders stepping in (large players volume rising) and then confirmed by Twiggs Money Flow. GE should be on every traders watch list for a turnaround gambit. For now though, I favor a Hold rating.