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Follow on Google News | How to track the index buying quality, General Electric is the wayWhy General Electric is back as the most valuable investment - Bankersavenue 21st of September post
By: Bankersavenue GE suddenly has become the talk of most options trading desks, and bulls have definitely overtaken the bears on this counter. And thus, the over 600,000 calls on this stock, with most of them being on the upside, doesn’t surprise me one bit. At $16, the stock seemed to be grossly under-valued. And thus, when customers bought some of this in their October and December calls, they did anticipate some profits to be booked, if the price rose up to $17 and above. I like most of you, have been watching financial events unfold in these recessionary times. Understanding that the economy is on the way up to the road of recovery, needless to say GE seems to be a good bet. The options angle, I believe, has got a lot to do to with the new sentiment on GE. That it has catapulted GE’s price to about 66.66% more than its earlier levels, seems to vindicate this. And all it took was 6 months! The views of some technical analysts that GE’s charts look bullish in the short as well as the long run, definitely entices me to go for this stock. Investors from different quarters believe that bears have given up on this counter. On the other hand, GE believes that they don’t need an infusion of fresh external capital to their funds. The last year has seen a massive erosion in wealth for GE holders. The good news is – The bear run seems to be finally over for this stock, and with the new options angle, people like you and me have something to cheer about. Moreover allow you to track the index buying quality! Disclaimer: Any opinions, ideas, views and statements expressed here are opinion only, subject to change without notice and for informational purposes only. Trading stocks carries a high degree of risk. It is possible that an investor may lose part or all of their investment. Accuracy and timeliness of any information is not guaranteed and should only be used as a starting point for doing independent additional research allowing the investors to come to his or her own opinion. Any investments, trades and/or speculations made in light of the opinions, ideas, and/or forecasts expressed or implied herein are committed solely at your own risk, financial or otherwise. Results are dependent on market conditions, timing and trading style. End
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