With lowering my cost basis in mind, I am buying a small amount of GE stock at $10.90 on 7/07/09. Today is the 10th and the stock has slipped to $10.75. Some analysts argue the stock is worth $2 but GE CEO Jeff Immelt claims that GE Capital is worth alot more than the markets are giving it credit for. Despite the downgrade in GE Bonds, it still is rated higher than all its peers.
I will continue to accumulate and hold GE shares at this level and below.