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investments
recession
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depression
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fresno
real estate
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lazarus

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Rainer
207,504
Shane OnullGorman
Eau Claire Realty, Inc. - Eau Claire, WI
Eau Claire Wisconsin, Real Estate Agent & Realtor- Buy or Sell

I think Thomas Edison would be P-Oed that his company was doing so bad!

Feb 20, 2009 03:38 AM #1
Rainmaker
153,400
Kathy Knight
Intracoastal Realty Corp - Wilmington, NC
BROKER, ABR, CRS, GRI, SFR, SRES

I really hate to see that happen to one of the stalwarts of the Dow and a stock I hold close to my heart as I have have been buying for 30 + years. Hard to believe it could dip so low..

Feb 20, 2009 03:39 AM #2
Rainmaker
73,662
Glen Fisher
National Property Inspections of Southern New Jersey, LLC - Oaklyn, NJ

GE is a politically lopsided.   For a company that trades publically to impose a biased viewpoint is the beginning of the end.  Sell now before the stock goes lower.   

Feb 20, 2009 03:51 AM #3
Rainmaker
456,053
John Mulkey
TheHousingGuru.com - Waleska, GA
Housing Guru

It's just another indication of the depth of the financial crisis. Great companies will return as will the economy. I just wish I could predict which ones to buy when there are so many potential bargains.

Feb 20, 2009 04:02 AM #4
Rainmaker
385,089
Bruce Brockmeier
Internet Marketing Consultant to REALTORS® - Yorba Linda, CA
Coached By Crouch

Hi Randy,

GE's not a penny stock.  I'm a bottom line kind of guy.  Here's a quote that might be helpful.

"A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. And most certainly, fear is now widespread, gripping even seasoned investors."

 - Warren Buffett

Feb 20, 2009 04:16 AM #5
Rainmaker
79,032
Randy "Lazarus" McAtee
Lazarus Realty - Fresno, CA
Owner/Broker, Lazarus Realty, Fresno California

Bruce - some say a penny stock is any stock under $10.00 -- others say $5.00 --- and still others say $1.00

relative to it's status GE breaking down under $10.00 makes it a penny stock to ME.  

As for Buffet - I admire him and was following him before following became kool.  Years ago I used to call Berkshire Hathaway and have them send me their year end statements because they always contained Warren Buffets common sense commentary on the market and investing.  Warren Buffet has not been through the great depression or anything NEAR to what we are experiencing.

The bottom line Bruce --- GE is in a solid downtrend.

 

Feb 20, 2009 04:40 AM #6
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Rainmaker
79,032

Randy "Lazarus" McAtee

Owner/Broker, Lazarus Realty, Fresno California
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