Thursday, April 17, 2008

Placed GE Stop

I finally decided to at least place a stop order in on GE in case it decided to slide even more. I put it at 31.78 and I'm selling all (~9%) in my account if it drops to that number. I came up with that number looking at this three month chart. Which shows the low at 31.70 on March 10 and 31.75 on April 14. I wanted to be a little above those marks thinking maybe other people would choose those as their sell point and I wanted to jump the gun a little if it headed that way. I may still sell this in the near term if I see more of this type of infighting in the leadership or if I see more bad news about possible spill over from the credit crisis.

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