Monkey Throw Dart: Throwing the Dart at GE

Sunday, March 22, 2009

Throwing the Dart at GE

If the market pulls back over the next few days on lighter volume, this could set up another move to the upside. I'm not in the habit of making stock picks on the buy side during a bear market but if the market does pull back, this monkey throws the dart at GE. If the Fed is determined to prop up this market, GE will run with it. With a current yield of 13%, this is not a bad stock to be stuck with if you do not time the trade properly. (Good information for those who would rather hold instead of take a loss.)

GE

Watch for the pull back and get ready to pick up the bargain price...at least the short term bargain price.