Hubert Senters here.
A viewer asked me last week what I thought about GE so I figured out I would use it for this evergreen content. Once again, I’m recording this video on Sunday afternoon. I’m getting ready to jump on a plane. I’ll be back Tuesday like not from a mastermind meeting.
So this is an evergreen video of my opinion of a viewer asking me what I think about GE so I mean right now, I wouldn’t touch it. But it’s not a bad place if you just want to do like a bottom fishing like bottom feeder buying GE at a substantial discount. I think the odds of GE following bankruptcy are pretty low. It’s not unheard of. They could do it.
But I mean when I look at this I think the risk reward ratio so let’s do this right here. If this is my risk from seven down to say zero wherever zero my scale is basically no I’m risking what 7 bucks because it’s trading at $7.50 so I would do a quick risk reward ratio. Do I think GE is going to fall to zero? No I don’t think it is.
Do I think it’s going to jump back up to its all-time highs of way back here of $30-ish? Or when it was June 2016 and 2017. No, I don’t think it’s going to do that either. But I think you’ve got a decent shot of doing a little nibble trade here where you would enter this bad boy here at around the $7.50 area if you can get it at that price and then have a stop. Here’s how I play this thing. Instead of just risking the entire $7 because I think that’s kind of crazy.
I would say long here at $7.50 stop would be $7.25 I’m risking 23 cents. And then if I’m wrong I could drive this a couple of times. My first target would be the standard line at $9.77. Okay. And then my second target would be up here at around $12. That’s how I would play the trade. I hope that helps and I hope that’s the kind of question that you were trying to ask me on that question you sent me.
Once again I’m going to be doing a live webinar on Wednesday at 8PM EST. There are over 4,000 people register for it. We’ve done two of these so far both of them are locked up with a thousand people. I already have showed you on a previous video. You know, since I’m beating a dead horse. If you’re interested in this information which a lot people are show up about 7:30PM EST. I’ll open up the room a little early. That’ll increase your odds of getting a seat to see the information.
Good luck. Hope it helps. And I’ll see you on the next video.