Current Events > bought another $18,000 of GE stock @18.19

(+) Yeah! (+)

Hold long enough and itll make it back

Especially when your 150k bonus comes through, who even cares about 18k?
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these kind of 4% drops are consistent with retail investor responses to emotional stimuli and big scary stories so i doubt i'm making a bad choice here

if it were day after day of small drop i'd be concerned
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oof

clearly i was getting ahead of myself @ 18.2

still, 5% down on a swing trade is not a bad place to be considering we're at like 5 year lows now

last time it was at these prices was 2011, similar to my initial buy at 17.59

between the two positions i'm only about 2.5% down.
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lmao Darkman is getting boned rn
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i never trade single names i'm not smart enough

i just make macro punts

how about that United Healthcare stock tho? hnnnngggggggggg

that's the real shit
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I hope this is a joke because GE is in titanic mode...

On the other hand, if I did not own GE stock I would certainly not buy it now. Instead, I would look for an entry point after all have abandoned hope for GE. How low is that?

The answer probably depends on the magnitude of GE's liabilities -- which are dimly understood as Flannery's recent announcement of a bigger-than-expected $6.2 billion charge for insurance liabilities makes clear.

As the Wall Street Journal wrote, "In recent decades, GE has shed many businesses, including NBCUniversal, home appliances, plastics and much of its financial-services arm. Still, any breakup would be massive. With nearly $125 billion in 2016 revenue, it has more than $130 billion in debt and its pension is underfunded by more than $30 billion."

One analyst thinks this leaves investors holding stock in a company that is worth as little as $11 a share.

Cowan analyst Gautam Khanna noted that GE Capital "has sold over $100 billion of assets in recent years, with limited disclosure on specific liabilities retained." Khanna believes that breaking up GE is worth between $11 and $15 a share because "he subtracts value for debt-like items including the underfunded pensions and GE Capital's net debt," according to the Journal.

But GE's finances have been murky ever since Welch presided over it. And I expect that GE's stock could get much lower, say $7 a share. As Flannery keeps looking for options and digging deeper into its businesses, he will discover that its liabilities are bigger than can be guessed at from GE's financial statements.
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stunningly inadequate and unsourced analysis

i mean we can google it to find the source

but it just seems like shit analysis in general

most free analysis is, after all.
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GE in rooins
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you guys should buy UNH. really awesome track record, and sky is the limit as it transforms. $1000 per share within 4 years imo.
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i try not to chase rising markets but UNH fundamentals are really outstanding i must admit.
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Darkman124 posted...

i try not to chase rising markets but UNH fundamentals are really outstanding i must admit.

it's rising, but it's going to rise a lot more.

i got in when it was around $90 and then $147 and it's been fantastic.
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GE is going to tank. My chart has it dipping to $8.90 and don't worry Darkman124, I will update CE when this happens
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chartists lmao
it's not the 1980s anymore

Thrillwell posted...

GE is going to tank. My chart has it dipping to $8.90 and don't worry Darkman124, I will update CE when this happens

i don't believe for a second that you have a chart

i also have a long enough term timeframe that i can wait out the pain. ~38k is a nontrivial set of my portfolio but it ain't the whole thing. so go nuts
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You could lose.
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sweet, UNH is up another dollar per share since i posted about it in this topic

portfolio is looking reaaaally nice right about now. :D
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damn. UNH is up another dollar today. due to the strong earnings report and the benefits of the trump tax cuts.
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You really don't know how your investment is going to turn out until years later. So these daily dollar fluctuations don't really mean much.
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FLUFFYGERM posted...

damn. UNH is up another dollar today. due to the strong earnings report and the benefits of the trump tax cuts.

i find it amusing that you reference its price increases in terms of dollars per share rather than percentage

UNH is up 1.7% today, it's a pretty big move.
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i look at it in terms of dollars per share because i know how many shares i have and it's easier for me to do the math wrt how much i made today :D
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Too bad it's selling at $242 per share; i don't wanna make room for cash to buy it at it's ATH.

I'll keep an eye on it though.
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It's been at a high most of the time since I've gotten some. Not sure when/if there will be an opportunity to buy below the current price. :D
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i try not to focus on how much i made on a given day on a single investment
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well yeah, i pay attention to the results of the last 1.5 years of owning it. but it's still fun to look at the daily increases.
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i mean i have a whole separate vanguard acct to track, plus my wife's 401k/ROTH which i manage that's in VTI and IWM, plus the rest of my ROTH (IWM/VOO/VO/VTWO/VXUS)

i am tracking GE because of its nature as a high risk investment within my portfolio and while i'm sad i didn't get the best price, i do feel i got one of the best prices
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Do you use Fidelity for anything?
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neg

what i posted was a screenshot of merill
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Damn, I wish I had money to invest. Seems like a safe buy
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EnragedSlith posted...

Damn, I wish I had money to invest. Seems like a safe buy

eh, depends on how you define 'safe'

since making this topic i lost ~$1000
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is there a reason you don't use someone like interactive brokers or saxobank
they're way cheaper

Darkman124 posted...

since making this topic i lost ~$1000

that $1000 must've wiggled its way into my UNH holdings :D
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lesidesi posted...

is there a reason you don't use someone like interactive brokers or saxobank
they're way cheaper

merill edge is free for me because my account is large
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free for options? there's no way

i don't trade options
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why not?

lack of confidence in my technical and fundamental analysis skill

desire to hold a position for longer than options expiration

risk tolerance

pick a reason
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what's your margin/financing rate

i mean you can use options for macro punts and portfolio protection
it doesn't have to just be for a long

lesidesi posted...

what's your margin/financing rate

i'm trading cash

again, no great desire to leverage with margin

i know it can be used to hedge a portfolio but half of this is in my ROTH so there's no point, no tax associated with entering/exiting positions

the only real issue is that my cash account would be hit with a free rider violation if i try to rapid trade in a day--but i'm looking at IT/LT anyway
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Why do you put money into a ROTH? You won't be able to withdraw until you're old. Why not put it into non-retirement accounts in index funds or options and let it grow and then move it around as you see fit?

Do you get an employer match? Are the tax benefits that worth it for you?
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FLUFFYGERM posted...

Why do you put money into a ROTH? You won't be able to withdraw until you're old. Why not put it into non-retirement accounts in index funds or options and let it grow and then move it around as you see fit?

Do you get an employer match? Are the tax benefits that worth it for you?

tax sheltering and the associated freedom to exit positions at will without incurring a tax penalty

I do also have a CMA. it should last me until I tap my ROTH/401k when I retire. but i only do boring shit in my CMA since it has tax liability.
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Darkman124 posted...

EnragedSlith posted...

Damn, I wish I had money to invest. Seems like a safe buy

eh, depends on how you define 'safe'

since making this topic i lost ~$1000

Its GE. Hold onto that shit until youre old
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EnragedSlith posted...

Darkman124 posted...

EnragedSlith posted...

Damn, I wish I had money to invest. Seems like a safe buy

eh, depends on how you define 'safe'

since making this topic i lost ~$1000

Its GE. Hold onto that shit until youre old

that is my intent.
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idk man. i contribute to a ROTH up until the match i get but beyond that, nope.

i wanna hit 1 million by the time i'm 30 or 31. in accounts that are immediately accessible. waiting until im a crusty old fuck seems wrong.
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/shrug i don't expect to hit 1 million by the time i'm 31, seeing as i'm 31.
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FLUFFYGERM posted...

idk man. i contribute to a ROTH up until the match i get but beyond that, nope.

i wanna hit 1 million by the time i'm 30 or 31. in accounts that are immediately accessible. waiting until im a crusty old fuck seems wrong.

Your company matches your roth? I've never heard any company matching anything but a 401k.

Ideal is to max out the $5500 roth contribution yearly and put excess into a traditional IRA for tax benefits
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roth 401ks are a thing these days
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Darkman124 posted...

roth 401ks are a thing these days

What a crazy world we live in.

I just wish i worked for an employer that would match. I just get a 3% contribution of yearly wages and profit sharing in my 401k
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