TheOppenheimer raised its 12-month price target to $18 from $17. Shares of GE are up 79 cents or 5.47% to $15.22 at the time of this writing.
In conclusion, I am looking at a straddle* on GE. Investment in BRIC, and purchase of some lowlying high quality stocks. If stocks get punished, I think there may be another ‘high quality’ buying opportunity.
I’m holding on to my GE Shares even though I have taken a beating for holding over 10 years. My Cost basis is $21.2175 so I am down 45.09% as of today. Here are some reasons why I’m still holding on…
I will continue to accumulate and hold GE shares at this level and below.
June 9 Order Status Review GE, PG, Goog, Rimm Three Buys and a Sell
2 buy trades and their targets, GE and PG
Here is what I am planning on buying and selling.
I doubt I will ever see GE at $10 again in my lifetime.
So today I am going to add a buy at $10 for 1/4 of my GE position goal.