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Current dividend yield now at 3.5%. Some of these large caps are getting crushed. I don't know where it will bottom but at current prices looks like a great buy.
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At the current price though GE is a great way to play alternate energy with their solar and wind technologies. With the current yield should limit downside risk. I will open a position tomorrow. They report earnings on friday so if it goes down more I will add. Can't keep a great company down for long. They also have alot of business outside of the US and with the weakening dollar their products are actually getting cheaper to the rest of the world.
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hmm.. i've always used GE as a bellwether for the market in general. a giant conglomerate involved in just about any kind of business.. their stock is probably a better indicator of market sentiment than DJI/RUT/XOI/VIX all rolled into one
-------------------- the market is not your mother
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Osubucks, you are absolutely right. Just about everything is down. I guess that's the reason I've been doing a lot of short trading, with the trend. But that's not to say that one cannot make money against the trend, its just not for me. chuck
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Ken,when you say look at the chart. What chart are you referred to,as far as the daily chart, Weekly chart, Intraday five-minute chart? chuck
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