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Hi folks, my opinion, for what it’s worth. SEC investigation, previous issues, and now the insurance problem. I’ve even heard the phrase “falling knife” when descriptions of GE are involved.

For the record, I got out of GE before it went below 23. I seriously thought of shorting when the new CEO came on board. (Instead of shorting, I just sold off). In the case of GE today, you really need to ask yourself “Do I really want in, and how much could I make?” Sometimes you need to take a deep breath, and really look at the company, and what is going on. With everything going on, why would you want to get in now? I still think there is way to much on the bad side going on. Will the new CEO change things? Perhaps, but I think it’s pretty clear it won’t be for a while, at best.

But I have this cash and I want to invest, where do I put my money? Look around, do your research, heck, if just have to have GE in your portfolio, invest the cash in a mutual fund that invests in GE. Better to protect your capital instead of reaching to cover loses. One of my problems I have is finding too many good places to put my money, and GE presently is not one of them.

All that being said, I’m watching GE from the sidelines, not even getting interested until some good news starts to come from it. I wish it was different, but as I said, my opinion.

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