GE - General Electric

wow look at GE



breakout.....wish i noticed earlier

I've been holding since 33.25, not too bad I suppose.

GE to acquire Vetco Gray (GE) 37.56 : Co enters into an agreement to acquire Vetco Gray for $1.9 bln from Candover, 3i & JP Morgan Partners. Vetco Gray is a supplier of drilling, completion and production equipment for on- and offshore oil and gas fields, including subsea applications.

General Electric announced it has acquired Wave Biotech (GE) 35.36 -0.02 : Co announced it has acquired Wave Biotech, a supplier of innovative disposable manufacturing technologies for the biopharmaceutical industry. The acquisition of Wave Biotech LLC including its subsidiary Wave Europe Pvt. Ltd. will allow GE Healthcare to expand its offering of products and services for the manufacture of biopharmaceuticals such as antibodies and vaccines. Financial terms were not disclosed.

berry nice

down hard

25 puts at .33

How about this play.

200 shares at 36.85

DEC 35 puts going for $.39 Buy 2

DEC 35 calls selling for $2.31 Sell 2

You end up neutral if price stays flat, if it goes south, you capitalize off the sold calls and you still end up ahead because of the puts.

This will be a paper trade for me. Does this sound like a good idea or a crappy one? I kind of ran it quickly in my head.

great protective play......i'm just put naked based soley on a short term downward momo play

ge still down....puts at .48

Let's update my paper trade.

200 shares @ 36.85 now trading at $36.25, loss of $120.
2 calls sold @ 2.31 now trading at 1.76x1.81 gain of $102
2 puts bought @ $.39 now trading at .48 gain of $20.

So, commissions have killed me so I'm in the red for about $30 because of them. I think to do this trade successfully I would have to put in a lot more capital. But, if we go below $35 then I end up capitalizing off of the calls putting me in the green and the puts further push me into the green. I should just buy puts, lol.

bought just a couple GEAZ right at close....i'm out

Down 9.2% on Pre-market

the putz are gonna be rockin....10% on GE is like 30-40% on a reg stock

Those puts are worth gold now.

The fact they they slashed FY guidance on the EPS front by 10% on thew low end of the range to $.53 is why we see the hit.
what a mess. People are so scared now.

31.65 is temp support

08:32 GE General Electric downgraded to Neutral at Credit Suisse- tgt $41 (36.75 ) -Update-

Credit Suisse downgrades GE to Neutral from Outperform with a $41 tgt noting GE reported very disappointing Q1 continuing ops EPS of $0.44, $0.07 below their and consensus estimates of $0.51. Slowing U.S. growth and difficult capital markets pressured results across the portfolio, with profit growth below their expectations at all segments. The firm says it is shocking how weak results were across the portfolio. Firm says they had have never expected that N.B.C.U profit growth of 3% would look so good relative to the rest of the portfolio. Healthcare, Industrial, GE Money and Comm'l Finance all posted declines. The firm ntoes mgmt attributed $0.05 of the miss to an inability to complete asset sales and higher mark-to-market losses and impairments at GECS but even adding that back it's a miss. The firm had expected Healthcare profit to be up modestly vs. the 17% decline that was posted. The firm also notes Industrial, profit declined 20% vs. their expectation for modest growth.


11-Apr-08 06:38 ET In Play General Electric misses by $0.07, misses on revs; guides Q2 & FY08 below consensus (36.75 ) : Reports Q1 (Mar) earnings of $0.44 per share $0.07 worse then the First Call consensus of $0.51; revenues rose 7.8% year/year to $42.24 bln vs the $43.68 bln consensus. Co issues downside guidance for Q2, sees EPS of $0.53-0.55 vs. $0.58 consensus. Co lowers guidance for for FY08, sees EPS of $2.20-2.30 vs. $2.43 consensus, $2.42 prior guidance. Co expects industrial earnings to grow 10-15% and financial services earnings to 5-10%. Co said, "Demand for our global Infrastructure business remained strong, but our financial services businesses were challenged by a slowing U.S. economy and difficult capital markets... Our primary shortfall was a decline in financial services earnings. We knew the first quarter was going to be challenging, but the extraordinary disruption in the capital markets in March affected our ability to complete asset sales and resulted in higher mark-to-market losses and impairments".

look at those PUTS up 300 400% .... Damn

anyone shorting this at these levels? I think it has room to fall a little more.