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

(+) Yeah! (+)

bottom might be in now, i am cautiously hopeful

bought another 1000 shares at the open today at 15.89
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Thrillwell posted...

As Schwarber etc

yikes
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https://finance.yahoo.com/m/54d98bb4-38d5-3976-a7a3-835defb46125/general-electric-shares-fall.html

Stock got downgraded by BOA this morning and continues to fall.

I'm with Darkman that there is a buying opportunity here, I just don't know where the floor is.
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The Admiral posted...

https://finance.yahoo.com/m/54d98bb4-38d5-3976-a7a3-835defb46125/general-electric-shares-fall.html

Stock got downgraded by BOA this morning and continues to fall.

I'm with Darkman that there is a buying opportunity here, I just don't know where the floor is.

it fell 2% at the open today and completely closed the gap
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The Admiral posted...

I'm with Darkman that there is a buying opportunity here, I just don't know where the floor is.

Let's see what the company has to say Wednesday morning
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John_Galt posted...

The Admiral posted...

I'm with Darkman that there is a buying opportunity here, I just don't know where the floor is.

Let's see what the company has to say Wednesday morning

the one nice thing about wednesday is all these routs are based on the assumption there will be even more bad news weds

if it's a restatement of what we already know it's not getting any worse
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I have zero idea what any of the terms means in this topic, but I just find it fascinating to see other people discuss stocks and speculation here. It makes me realize that behind every company there are investors backing them and that unless you speak their language and are up to date on whatever they do, you have no idea what is happening. For the normal layperson who doesn't know stocks or trading, this is just fascinating to see.

Carry on everyone. I hope everything goes well.
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well, yesterday's buy at the open has at least covered my losses on the december buy

hopefully the bottom is in
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dario1101 posted...

I have zero idea what any of the terms means in this topic, but I just find it fascinating to see other people discuss stocks and speculation here. It makes me realize that behind every company there are investors backing them and that unless you speak their language and are up to date on whatever they do, you have no idea what is happening. For the normal layperson who doesn't know stocks or trading, this is just fascinating to see.

Carry on everyone. I hope everything goes well.

If it makes you feel better, most investors (or traders as the case often is) don't know what the hell they're doing either. That's why we see so many bubbles and people buying into them, and panic selling fueled by overreaction to negative press. The biggest profit opportunities come from the irrational behavior of others. It's been this way for as long as there was a stock market, too. People weren't any smarter back in the old days, and they certainly aren't any wiser now.

Annihilated posted...

The biggest profit opportunities come from the irrational behavior of others.

a good summary of the stock market, and why I bought GE.
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I think the floor was $15.89. Seems to be going up.

And dat UNH stock is going up too *salivates*
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i hope so. as i said, i raised my exposure to 55k when it hit 15.9

today's price action is absurd. up 2%, then negative momentarily

investors are somehow both greedy AF over the lack of bad news and freaking over the SEC investigation
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Damn. <_< That's a lot of money riding on GE right now fam.
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Wondering what you guys think I should do with my Roth:

I currently have $5,882 to trade and own:
VTWO 13.7%
VOO 13.9%
VIOG 7%
BND 5.3%
VXUS 8%
VTI 13.7%

Are there any other ETFs I should look into, or should I put more money into something I already have?
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it's much more of my portfolio than i normally commit to 1 stock, but my 401k is in the usual indexes, as is my wife's ROTH and 401k

i'm managing a lot of money and can afford to take the hits

almost neutral right now on GE, so if this is the start of a new bull market for the stock there's a lot of potential
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krazychao5 posted...

Are there any other ETFs I should look into, or should I put more money into something I already have?

VO, the vanguard mid-cap ETF
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Darkman124 posted...

it's much more of my portfolio than i normally commit to 1 stock, but my 401k is in the usual indexes, as is my wife's ROTH and 401k

i'm managing a lot of money and can afford to take the hits

almost neutral right now on GE, so if this is the start of a new bull market for the stock there's a lot of potential

What if GE collapses? They've sold a lot of their shit and are even looking to sell their goddam lightbulb division.
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FLUFFYGERM posted...

What if GE collapses? They've sold a lot of their s*** and are even looking to sell their goddam lightbulb division.

the numbers don't point to them collapsing and neither does their 2018 guidance

but people's fear that they will collapse has made the stock very cheap relative to peers

it's either a deep value play or a value trap. i think there's little evidence it's the latter.
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I've got around 48k of UNH. I guess I could sell some and put it into GE. :D Or maybe just buy GE with cash and let the UNH keep growing. :D

Used to have some Tesla too before I sold it for more UNH.
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UNH has certainly been on a tear the last few weeks. Was a good call on your part.
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but damn if it goes back to any of its highs like $33 or $37 or $60 or beyond, your 55k will turn into quite a nice sum D:
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how long are you planning to hold your GE?
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yeah, and if GE returns to EPS of $1 in 2018 like they're forecasting, $30 this year seems likely.

I am holding minimum 1 year, possibly much longer. I have most of it in my ROTH but some in my CMA as well, and I refuse to take another big tax hit
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damn dude you're well on your way to being a young millionaire
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eh

i don't expect to break seven figures across all inv accts for a while

this is a high risk play in pursuit of that, as is my overweight to smallcaps (since they've underperformed SPY on this rally, but should benefit more from the policies)

we will see what happens. i am trying to keep a healthy level of fear at these valuations

ge is the only place where i'm being greedy.
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All GE has to do is announce that they're working on their own cryptocurrency and their stock will triple overnight.
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DifferentialEquation posted...

All GE has to do is announce that they're working on their own cryptocurrency and their stock will triple overnight.

if they do that i will sell.
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Do you and your wife share accounts? Or are you speaking of your accounts alone? Not sure if you ever mentioned whether or not you guys are including each other's cash when it comes to over-all financial goals.
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FLUFFYGERM posted...

Do you and your wife share accounts? Or are you speaking of your accounts alone? Not sure if you ever mentioned whether or not you guys are including each other's cash when it comes to over-all financial goals.

sort of

we have separate 401ks, ROTHs, etc, but i manage all our stuff myself via power of attorney

if we ever split it'd be clear what goes where but our objectives are built around using both her and my accounts, and we share 1 checking acct from which ROTH contribs come for both of us
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Darkman124 posted...

FLUFFYGERM posted...

Do you and your wife share accounts? Or are you speaking of your accounts alone? Not sure if you ever mentioned whether or not you guys are including each other's cash when it comes to over-all financial goals.

sort of

we have separate 401ks, ROTHs, etc, but i manage all our stuff myself via power of attorney

if we ever split it'd be clear what goes where but our objectives are built around using both her and my accounts, and we share 1 checking acct from which ROTH contribs come for both of us

damn dude

guide me on how to find a kickass woman like that. someone worth marrying.
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FLUFFYGERM posted...

damn dude

guide me on how to find a kickass woman like that. someone worth marrying.

i got lucky when young

my wife is the highest paid english major in the country probably, lol

she's a proposal manager for an IT firm and works from home editing documents all day
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Darkman124 posted...

FLUFFYGERM posted...

damn dude

guide me on how to find a kickass woman like that. someone worth marrying.

i got lucky when young

my wife is the highest paid english major in the country probably, lol

she's a proposal manager for an IT firm and works from home editing documents all day

FFFFFF sounds like you guys are cruising through life on easy mode. congrats. i need to start looking for something more serious <_<
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Darkman124 posted...

DifferentialEquation posted...

All GE has to do is announce that they're working on their own cryptocurrency and their stock will triple overnight.

if they do that i will sell.

Why are you against companies using stupid (and possibly dishonest) gimmicks to up their stock price?
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DifferentialEquation posted...

Why are you against companies using stupid (and possibly dishonest) gimmicks to up their stock price?

bubbles pop

it is in their nature

might as well harvest the illogically massive gains before they do
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the trader mentality vs the investor mentality

Darkman124 posted...

krazychao5 posted...

Are there any other ETFs I should look into, or should I put more money into something I already have?

VO, the vanguard mid-cap ETF

I am curious what you think I should do with my monthly contributions to my roth.

Do you think I should purchase an equal weighted of ETFs with the contribution, or change it up each month and buy whatever I think has most upside? For example, one month I purchase only VTI with the $458 contribution or if that should be split up between my holdings by a certain weight?

There are no transaction costs, so I could theoretically just purchase 1 share at a time.
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iamintents posted...

obvious brag topic

Nah. Darkman is nice like that, he likes to shares his trading knowledge.
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krazychao5 posted...

I am curious what you think I should do with my monthly contributions to my roth.

Do you think I should purchase an equal weighted of ETFs with the contribution, or change it up each month and buy whatever I think has most upside? For example, one month I purchase only VTI with the $458 contribution or if that should be split up between my holdings by a certain weight?

There are no transaction costs, so I could theoretically just purchase 1 share at a time.

i think adjusting a monthly contribution to maintain your target balance is a great idea! vanguard has a 'rebalance' button that i hit about once every 3 months.

doing it based on your own personal analysis of the underlying equities may blow up in your face, however.
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Darkman124 posted...

krazychao5 posted...

I am curious what you think I should do with my monthly contributions to my roth.

Do you think I should purchase an equal weighted of ETFs with the contribution, or change it up each month and buy whatever I think has most upside? For example, one month I purchase only VTI with the $458 contribution or if that should be split up between my holdings by a certain weight?

There are no transaction costs, so I could theoretically just purchase 1 share at a time.

i think adjusting a monthly contribution to maintain your target balance is a great idea! vanguard has a 'rebalance' button that i hit about once every 3 months.

doing it based on your own personal analysis of the underlying equities may blow up in your face, however.

What do you think is a good way to determine how my portfolio should be weighted?

And I don't see a rebalance option in my Vanguard account. Maybe because I haven't set the weights? Not sure, looking around and cannot find something like that.
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What are your thoughts on the SEC investigation?
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UnholyMudcrab posted...

What are your thoughts on the SEC investigation?

it is an annoying way to keep bearishness high. investors are clearly much more freaked over the uncertainty than anything else

at worst it reveals that the stock they used to buy baker-hughes was overvalued and they owe BH shareholders some extra dough

at GE's size these kinds of costs should not be triggering 10%+ drops. their 2018 guidance was good. that's what i care about; with a revenue stream the size theirs is, these valuations are absurd. no other industrial is valued at comparable rates.
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What are the opinions on the theory of reflexivity? Seems to be more and more relevant as time goes on and a real cause of concern imo
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i don't know anything about the theory of reflexivity.

my 15.88 trade stopped out at the open today sadly. i did not use stops on my other trades because they were not intended to hedge others
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I know this is a GE topic, but is it in poor taste to celebrate UNH? :(
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