GE - General Electric (NYSE Stock) - Stock Market Forum, Penny Stocks, FOREX, NASDAQ, AMEX, NYSE, Live Chat

Skydaemon · #1 04-11-2008, 10:56 AM

chart

Big gap down today, earnings were .44 instead of .51 or something.

If you ever considered GE stock at around a 3 year resistance point, with an approx div yield of 3.77%, gapping down on the day and trading down about 10-11% off yesterday, now would be the time to have a look.

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Profit missed by 6%, that shoulda put it in the 34.5 range, and it's trading around 32.8, I'm thinking might be an opp for some long term free shares here if it bounces a tad in the next week.

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It's just amazing watching the volume on stocks like this, $5b in shares traded and counting in the first hour and a half....

**BadThad** · #2 04-11-2008, 01:03 PM

I was going to post this one today, damn work has me busy....great play on a great company!

**Grizzums** · #3 04-11-2008, 03:22 PM

A bull put spread may be an option if you have a thesis that the market is overreacting to GE's numbers...

Just a thought.

Good Luck.

**BadThad** · #4 04-11-2008, 03:38 PM

Good idea if you're into options.

**BadThad** · #5 04-28-2008, 09:21 AM

Oh yea, I'm loving this one today. I bought at the earnings report drop and it's now up $1. Great, great company.....I'm looking for another $1 soon.

**BadThad** · #6 05-02-2008, 10:40 AM

GE PPS still moving up in a recovery from the earnings dip. Just moved past the 20MA, but still well below the 200MA (around $37, next resistance point). The MACD has crossed over on the 3 month chart, volume is above avg and RSI is moving almost to 50 indicating a bullish trend. Trading at $33.57 now and I'm looking for at least a $4 move up to the 200MA.

**BadThad** · #7 06-10-2008, 03:48 PM

Well, the big mean bear ruined my TA. GE is trading at nice price today, even with the 1% uptick on this news:

Quote:

GE Energy Receives EUR 635 Million (nearly US$1B) Contract for Power Project to Help Meet Algeria's Electricity Needs
10:05a ET June 10, 2008 (Business Wire)
A new planned power plant featuring GE Energy's F-class gas turbine technology will help meet the rapidly growing energy needs of eastern Algeria when it enters service at the end of 2011.

Algerian electric company Shariket Karhaba Koudiet Eddraouch Spa, owned by Sonelgaz and Sonatrach, has awarded a contract to GE and its consortium partner, the Spanish engineering firm Iberdrola Ingenieria y Construccion, for the construction of the Koudiet Eddraouch power plant in El-Tarf province, 700 kilometers east of Algiers.

GE's contract is valued at approximately EUR 635 million (nearly US$1B). Additionally, GE also is in the process of signing a contractual services agreement to provide maintenance and parts over 20 years.

The new facility is expected to produce 1,200 megawatts of power, which would increase Algeria's current installed generation capacity by approximately 18 percent. As one of the largest combined-cycle power plants in the region, the project would help to meet Algeria's electricity demand, which is growing at the rate of more than seven percent per year, according to the Commission of Electrical Regulation for Gas. Overall, GE has supplied approximately 70 percent of the gas turbines operating in Algeria.

"We're very pleased that our technology has been selected for this project, which will play a significant role in meeting the future energy needs of Algeria," said Ricardo Cordoba, president of GE Energy Western Europe and Northern Africa.

Sonelgaz Production de Electricite, Kahrama SpA and Shariket Kahraba Skikda are generating more than 7,900 megawatts of power. According to the Ministry of Energy and Mining, Algeria's power requirements will reach 14,000 megawatts by 2010, as the country's economy continues to grow.

"Today, Sonelgaz is pleased to announce the purchase of additional gas turbines and an agreement for a long term maintenance contract for its overall installed gas turbine fleet in Algeria. The benefits of this long term agreement include plants with better efficiency and reliability, controlled costs spending for the maintenance and is made possible due to the trust we have in our business relationship and in the latest technologies developed by GE," said Mr. Douadji Kinane, CEO, Sonelgaz Manufacturing.

GE plans to manufacture the F-class gas turbines for the Koudiet Eddraouch at GE Energy's facilities in Belfort, France. Previously, GE provided its F-class technology for the 1,227-megawatt Hadjret En-Nouss plant and the 800-megawatt Skikda project located in Algeria.

"This latest contract in Algeria illustrates our continued focus on meeting the global energy demand with leading technology solutions," said Steve Bolze, president and CEO of GE Energy's power generation business, based in Schenectady, N.Y. "Our highly efficient, F-Class gas turbines provide our customers a proven, highly reliable power generation platform."

GE's installed fleet of F-class gas turbines has surpassed 23 million hours of commercial operation worldwide, making GE the leader in advanced technology F-Class field experience.

rtace · #8 06-13-2008, 09:55 PM

Some Research I've been doing

Sites named for new offshore wind farms - Times Online

BWEA - Offshore Wind

http://www.bwea.com/pdf/briefings/offshore05_small.pdf

Ray The Money Man · #9 06-14-2008, 12:20 PM

Great time to get into the "New GE". You get paid to wait to!

**BadThad** · #10 06-15-2008, 12:36 AM

Quote:

Originally Posted by Ray The Money Man

Great time to get into the "New GE". You get paid to wait to!

Yea, the PPS is really down now, good time to add or create a position.