I predicted $5 but glad to see outsiders now have a greater grasp of what is going on.
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Sorry to say but Tusa has been right about GE for some time. His assessment is pretty scary. Need Bob Woodward to write a tell all book about what happened.
I'm the words of JF. Don't bet against GE! How do you feel about that quote now?
"Out of the eight reported segments, all of which were profitable even two years ago, six are now likely either at or below zero in 2020, with leverage actually up since that time," Tusa warned. No boat for me in my future as retirement nears if this is true.
or he has got the people in the know to talk the truth. more stuff coming
If you think this is just dark pool stuff, then mortgage your house and load up on GE stock under $9. Let us know how it goes.
Have you seen the Q3 results? I am amazed the company isn't at 3 dollars.... yet. We are not making money.
Yeah to cut from 10 to 6 for no real reason doesn’t make sense. No new news came out in 3Q. Why suddenly cut almost half the company’s value so suddenly? This seems like there’s a motive behind it, Tusa is a sneaky little man!
Read http://wallstreetonparade.com/2018/02/is-dow-component-ge-the-victim-of-wall-streets-dark-conflicts/
In this link you will see that :
"According to the slim amount of Dark Pool data that is released three weeks after the fact by Wall Street’s self regulator, FINRA, both JPMorgan and Deutsche Bank, the firms with the low-price targets on GE, have been actively trading GE stock in their Dark Pools."
Tusa is a crook but GE management has to deal with him
I don’t believe Tusa at this point. So what he’s saying after the 3Q earning the company is so much worse off that he’s almost cutting half the value out of the company? He either has some shorts to cover or more likely some big time customers that want to buy GE cheap.