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GE, up from the ashes

Old 03-10-2009, 07:52 AM
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Default GE, up from the ashes

Let's say one bought 1000 shares about a week ago when it was $6.50 or so a share, the low was some $5.72?, today it is/was up over $8.50, buy/bought low, sold/sell high, that would be a $2,000 take if one were to sell today, not a bad "bet" at all.

Like the Van Halen song, "Dancing, dancing in the streets! We'll be swinging, swaying, celebrating, dancing in the streets!"

On a side note, GG is down to some $27.20, next spike up in the gold price and it will be the Grateful Dead's "Shakedown-Street". Just got to take a position and wait.
Old 03-10-2009, 05:27 PM
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haha . Yeah you told me to hold and I sold anyway @ $6.50.

Oh well.

Now look at it. I cant win haha
Old 03-10-2009, 06:04 PM
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Crap shoot right now.
Old 03-10-2009, 08:00 PM
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I've been playing GG for about a year now, but haven't traded in a few weeks. Thanks for the heads up...

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Old 03-10-2009, 08:16 PM
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That wasn't a Van Halen song anyway...

Are you really asking for investment advice on a broke-dick boating forum?
Old 03-10-2009, 08:43 PM
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ye it went up because they increased the rates for boat loans
Old 03-11-2009, 06:58 AM
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Sorry davepen, the song Van Halen "covered" as did David Bowie.

Yeah, GG, down under $26. That sucker has never done me wrong. It will rise, as you know. Quick in and outs for me, ca-ching!

In the time I sent this, the GG price jumped by almost $1, it is, as Tony the Tiger would say, "G-R-E-A-T!"

Last edited by thundra; 03-11-2009 at 07:22 AM.
Old 03-11-2009, 07:48 AM
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thundra as many have said before "it is easier reading from the left side of the charts". Where was your precious GE on Feb 12th as you were so proud to quoted then. Yikes daytrading at that rate would cost alot of cash.
Old 03-11-2009, 07:59 AM
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Originally Posted by thundra View Post
Let's say one bought 1000 shares about a week ago when it was $6.50 or so a share, the low was some $5.72?,
I did exactly that -- at $6.36. Sold it today at 8.96. Probably get it back at 7 or so next week. Maybe.
Old 03-11-2009, 08:00 AM
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Where did Thundra call ge precious? The man (as many of us are) is merely day trading and all you haters come in talking shit. Get a phukking life, ok???

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Old 03-11-2009, 09:08 AM
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knowhowiroll, you are good. Let me see if I can help as I truly love the questions, the questions/pessimism/emotions, do nothing but make me better, plus, I can type like a spinster secretary so I enjoy the thinking that I need to do. If you care, which you must as you would not put precious finger energy to the keyboard if you did not, I do NOT buy and hold. I buy low and sell high. I'm a trader, not a day-trader in the truest sense/strict definition of, some days when it is right, I do buy and sell in the same day, but for the most part, I buy when the price is low and wait for as long as it takes before I sell, but I do not, and will not hold, at least for now. I also do not "short" stock. My plan and executions are simple and I do not deviate and have not deviated and my success is my success. I do not tell anyone what to do and I have never, and never will try and sell anyone anything, not my style and I sure as heck can't be accused of it, no way. Am I like Thomas Dolby and "Blinding you with Science?"

If I did buy GE on the 12th of February, are we talking like 1 month ago?, I sure as heck guarantee that I did NOT hold it while it fell in price. I can see why people lose, it is easy to see why, it is akin to walking up to a roulette table, putting chips down on a number and walking away, not even checking to see if one won or lost, that to me, is just crazy. There is another good rule to follow in this day and age, if you are going to take a position/put money down, watch it or you will lose it. Would you put your wallet on a bench in Grand Central Station and walk away? Maybe in the past that could be done, but not now.

I sold that position as soon as the price went up .30-.50 cents. Simple math to me says that if I bought 500 shares at $11 and the price went up, say .50 cents, I made about $250 on that trade back then. I don't remember exactly as it was far back, and as I've gone in and out of so many trades since then, but I'm sure I made some money on that particular Feb 12th-or thereabouts, trade, if you care.

I'm not a big roller by any means. I'm not like some out there that when they make a trade, they can see the share price rise or fall with their action(s). I just carve out anywhere from $100 a week to my best of $1,300 in 3 days. Some weeks I make no trades and take no positions if I don't like how the prices are looking. Like Maverick . I'm not addicted and I now have the dicipline of a skilled-stealthy NHL Forward, waiting for the right moment to either give a pass or take a pass and put it into the net. Like I mention over and over, GE is the only other stock I trade and only do so when I feel like the time is right. Lately I took a position in it under $7 and as the price is at $8.55 as I type and was up over $9 earlier today, that was a good trade.

My pet is GG. It was at $26.40 at around 10am and now it is up to $28.27. I have been trading, tracking, following this stocks every move for the past 4 months and know it like a parent knows its child. It was a lead given to me on any number of other forums I follow. And yes, to take any advice on any forum without doing ones due diligence is crazy. I watched and studied it before I ever took a position on it and it has, so far, never done me wrong.

t3rockhall, nice trade. Feels so good. I will get back in if it drops again, but it is looking good in the wake of all the good news lately, from all the talking heads.

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