Bernie Schaeffer
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A Post-Earnings Reality Check on General Electric

Posted By: Bernie Schaeffer 07/20/2012

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GE's a Bargain -- If You Believe the Analysts
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Trader Comments

Bernie Schaeffer:

Still in search of an earnings level that could support the idea that a financial services and old-line industrial company with a $209-billion market cap is a bargain at 1/3 of its highs of 12 years ago.

14 analysts say "Yes, it is" and another 3 aren't sure.

Chris Prybal:

There are also big calls overhead at the August 20 and 21 strikes, with upwards of 97,700 contracts in open interest.

Ryan Detrick:

Also the 20 area was resistance back in February and March 2011.  This area won't go down without a fight.  

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