-------------------- dont make yourself loose money in a stock that you had a resonable profit in Posts: 520 | From: houstonTX | Registered: Oct 2008
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quote:Originally posted by BooDog: GE heading for double bottom
GE Responds to Moody's Review Friday 01/30/2009 1:27 AM ET - Close-up Media
Related Companies Symbol Last %Chg GEA 23.82 0.34% GE 12.20 -4.09%
As of 11:30 AM ET 1/30/09 According to company officials, Moody's has placed General Electric Company's and General Electric Capital Corp.'s (GECC) long-term Aaa ratings on review for possible downgrade.
In a release, the company noted:
This review does not affect GE's and GECC's short-term funding ratings of Prime-1 (P-1), which were affirmed by Moody's. This action is a follow-up to Moody's December review of GE's 2009 operating plan. GE has outlined a plan for the year that is based on the difficult global economic environment we see. During the next few months, we will work constructively with Moody's on its review. Our objective is to maintain our Triple-A rating but we do not anticipate any major operational impacts should that change. We expect to deliver on the 2009 financial framework that we outlined last week.
GE has taken steps to strengthen its liquidity position, including reducing GE Capital Services' commercial paper from $88 billion in 3Q '08 to $65 billion today. We have raised 64 percent of our long-term funding for 2009. The company has more than $50 billion in cash on hand. During 2008, GE increased its alternative funding by $25 billion and will continue to grow this funding in 2009 and beyond.
((Comments on this story may be sent to health*closeupmedia.com))
Boo, BobFry posted a post saying he was getting into GE at $14.75. I told him I thought it was WAY too soon as 51% of there business is GE Capital. Now, they might loose there AAA credit rating. They will then have to raise more capital through equity or debit markets. I think GE hits $10.
Nice call Invester
GEN ELECTRIC CO(NYQ: GE) NEW Real-time: 11.04 -0.22 (-1.95%) 11:03am EThelp Last Trade: 10.90 Trade Time: 10:47AM ET Change: 0.36 (3.20%) Prev Close: 11.26 Open: 11.09 Bid: N/A Ask: N/A 1y Target Est: 15.12 Day's Range: 10.66 - 11.20 52wk Range: 11.19 - 38.52 Volume: 55,151,445 Avg Vol (3m): 113,847,000 Market Cap: 114.02B P/E (ttm): 6.35 EPS (ttm): 1.72 Div
Thanks for your help!!! YOU DA MAN!!
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
Bought Leap Calls on BAC. Should bounce. Hope it doesn't get diluted to hell by the government though. LoL
Posts: 4381 | From: houston | Registered: Mar 2006
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BAC is killing me this week. I got in at 5.97 earlier in the week so I am down a bunch. I hope it will bounce hard after Obama unveils the bad bank plan on Monday.
Posts: 426 | From: Philadelphia, PA | Registered: Nov 2008
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posted
BAC $4.60. They bought Merrill for $29 billion. There market cap is less than that now. They own Country Wide as well. If I'm right about how this is going to play out, this will be at $20-$25 in a couple of months.
Posts: 4381 | From: houston | Registered: Mar 2006
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posted
damn i soulda have asked yoo what you were going to play before i put all my mony into gern.. lol o well its up .48 right now
-------------------- dont make yourself loose money in a stock that you had a resonable profit in Posts: 520 | From: houstonTX | Registered: Oct 2008
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quote:Originally posted by invester: BAC $4.60. They bought Merrill for $29 billion. There market cap is less than that now. They own Country Wide as well. If I'm right about how this is going to play out, this will be at $20-$25 in a couple of months.
posted
Ken Lewis "CEO of Bank of America" just bought another million dollars of his companies stock today.
Posts: 4381 | From: houston | Registered: Mar 2006
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CORRECT: Bank Of America's 6 Insiders Bought On Wednesday, Thursday 8 minutes ago - FF Bank Of America: 6 Insiders Bought On Wednesday, Thursday 20 minutes ago - FF CORRECT: Bank Of America: 6 Insiders Buy 370,000 Shares 20 minutes ago - FF Bank Of America: 6 Insiders Buy 370,000 Shares 14 minutes ago - FF Bank Of America CEO Lewis Buys $958,340 In Co Shares 15 minutes ago - FF
Posts: 4381 | From: houston | Registered: Mar 2006
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I just bought more Call Leaps on BAC. They know something we don't. The plan is to be unveiled Monday. I think its going to be good for BofA.
Posts: 4381 | From: houston | Registered: Mar 2006
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Here is what I am buying currently, ACTC, MCET, CTIC. I am hoping the new change in a president will drive these companies forward. And because they are down right now I though it was a good time to buy. Of course I only bought $2000.00 worth of each. GOOD LUCK TO ALL! ! !
-------------------- Jeremiah Gardner Posts: 9 | From: Hillsville, Va | Registered: Jan 2009
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Thanks for the insite invester. I will be holding my shares into next week hoping to recover from this week! This info along with Obama unveiling his plan on Monday has me feeling a bit more optimistic.
Posts: 426 | From: Philadelphia, PA | Registered: Nov 2008
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quote:Originally posted by sju1973: Thanks for the insite invester. I will be holding my shares into next week hoping to recover from this week! This info along with Obama unveiling his plan on Monday has me feeling a bit more optimistic.
BAC now $5.02 afterhours.
Posts: 4381 | From: houston | Registered: Mar 2006
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Ah ha!!!! I now see. "Ken Lewis to appear with Maria Bartaromo at 11:15 Easter time on CNBC. I see him clearing all the confusion up, then it runs through Friday, into Monday for the unveiling of the Treasuries plan. I think we see $10 by Monday.
Posts: 4381 | From: houston | Registered: Mar 2006
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posted
I took allot out today on BAC. This might turn out to be my best trade ever. Well... NDOL,SLJB,WWEM,PGPM etc... LoL
Posts: 4381 | From: houston | Registered: Mar 2006
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Oh man, I should have bought more, but I've been so conservative here lately. I'm debating if I should buy some more in the morning. Guess we gotta wait and see what it does in the am. BAC.
Posts: 725 | From: litte rock AR | Registered: Oct 2005
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quote:Originally posted by greenman: Oh man, I should have bought more, but I've been so conservative here lately. I'm debating if I should buy some more in the morning. Guess we gotta wait and see what it does in the am. BAC.
Don't fight the tape.
Posts: 4381 | From: houston | Registered: Mar 2006
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