Point/counterpoint on trading and investing
This blog has become "the slope of hope on a 10 minute delay". :)If you would have told me a year ago that GE would be at $14 I would have said the world must have ended. Remember when we thought it was not possible for it to go under $20? GE is a good example of why stops are important!
Heh. I lost a bundle in GE on the way down, but made a bundle in this latest market craze. I am just marginally ahead now on the trade.I've always thought of GE as an investment, but even I have to say that anything that goes up 100% in 9 weeks isn't an investment.The next time will be a multi-year buy-and-hold experience for GE, I suspect.
This blog has become "the slope of hope on a 10 minute delay". :)
ReplyDeleteIf you would have told me a year ago that GE would be at $14 I would have said the world must have ended.
Remember when we thought it was not possible for it to go under $20? GE is a good example of why stops are important!
Heh. I lost a bundle in GE on the way down, but made a bundle in this latest market craze. I am just marginally ahead now on the trade.
ReplyDeleteI've always thought of GE as an investment, but even I have to say that anything that goes up 100% in 9 weeks isn't an investment.
The next time will be a multi-year buy-and-hold experience for GE, I suspect.