Monday, October 26, 2009

General Electric (GE) Generally Down

UPDATE: "Can R&D Save General Electric?" and "GE's Risky Energy Research" (GE)
Original Post:
The stock closed at $16.84 on the 14th (two days before earnings were released), $15.01 at the close today.
From Bespoke Investment Group:
General Electric (GE) has now been down 8 days in a row. Since 1980, GE has only had five other 8-day losing streaks. On day 9, the stock has gone up three times and gone down twice. The last two times that the stock has had an 8-day losing streak, it has gone up exactly 2.51% on the next day. Go figure....TABLE
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