General Electrics - weekly

Long term forecast for General Electrics/GE.

Please watch this video:
"My investment in GE is 'one of the biggest mistakes of my career'"
cnbc.com/2017/11/13/cramer-says-ge-is-one-of-the-biggest-mistakes-of-my-career.html

Share prices of GE are correlated with global stock market crashes.

It means we just entered a phase of a global economic meltdown.

In short-term I expect price to move up then down however, in long term GE is going to 0$ or close to 0$.

Bottom of the financial crisis will be reached in ~2019.

Have a nice life :)

Operación activa

"GE Slashes 12,000 Jobs In Troubled Global Power Business"

zerohedge.com/news/2017-12-07/ge-slashes-12000-jobs-troubled-global-power-business

Operación activa

"General Electric shares drop to lowest level since July 2009"
cnbc.com/2018/03/26/general-electric-shares-drop-below-13-per-share.html

Operación activa

Awaiting more downward movement.

Nota

Great call made 12days ago, now:

"GE shares post one of the worst weeks of the year, down 7%"

cnbc.com/2018/09/28/general-electric-short-sellers-are-up-36percent-this-year.html

Operación activa

Nota

Expecting the GE to move more down in the future, mainly because:
GE Cuts Dividend To 1 Cent Amid Huge Earnings Miss

zerohedge.com/news/2018-10-30/ge-cuts-dividend-1-cent-amid-huge-earnings-miss-22-billion-writedown

Nota

General Electric slashes quarterly dividend to just a penny a share, starting in 2019

cnbc.com/2018/10/30/general-electric-earnings-q3-2018.html

Operación activa

"JP Morgan analyst slashes GE stock forecast to $6, lowest on Wall Street"

cnbc.com/2018/11/09/jp-morgan-slashes-ge-stock-target-to-6.html

Operación activa

6.66!!

zerohedge.com/news/2018-12-11/ge-slumps-ominous-666-march-2009-lows

Operación activa

Ken Langone: GE is a disaster - watch 2nd video!

cnbc.com/2018/12/19/ge-reportedly-confidentially-files-for-ipo-of-health-care-unit.html

Operación activa

It's just the beginning of the job cuts in GE!!

"General Electric to cut up to 468 jobs in France"
france24.com/en/20190122-general-electric-cut-468-jobs-france-unions

Operación activa

Trade is still valid, expecting more downward push soon!

Operación activa

I believe there will be more downward movement in the future months

Nota

Madoff Whistleblower alleges that GE is a 'bigger fraud than Enron'

youtube.com/watch?v=nL5FYLZoB7s

Operación activa

GE Pension Benefits Freeze May Cut Deficit Up to $8 Billion

youtube.com/watch?v=cWsYIGupLA8

Still valid, GE will go bankrupt as Thomas Cook , Commerzbank etc., nobody will bail them out.

!!!Expecting a huge deflationary crisis!!

Keep your money out of the banking system.

Operación activa

Still active ;-)

Nota

Trade is still active, we just entered a bear market that means the Greatest Depression will be announced in a few months time. It also means GE will keep crashing and may cause bankruptcy as previously mentioned. This chart confirms that:

Operación activa

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Simon_says

Simon_says

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