Tuesday, September 8, 2009

JP Morgan Upgrades GE....

.....For no good fundamental reason other then Sentiment.

That's right folks!

Don't buy the stock because Immelt knows what he is doing. Buy it because everyone else is.

This is one of those I was sleeping when the stock was $7 so I am throwing in the towel at $14. The analyst makes my point with the following:

"It was one of the last stocks for which a little good news could still go a long way".

You cant make it up.

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