A Post-Earnings Reality Check on General Electric
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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.
There are also big calls overhead at the August 20 and 21 strikes, with upwards of 97,700 contracts in open interest.
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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