Registered User
Joined: 12/5/2004
Posts: 49
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I can now build a fundamental reason to buy ( GE ).
I know I originally spouted off about some goofy 52 week closing high junk, but this is for real now.
( GE ) had a 52 week low of 32.06 back in July. At that time ( GE ) was paying a $1 dividend which equaled out to be a 3.12 % dividend at 32.06.
( GE ) just announced that they are raising their annual dividend to $1.12 a year.
I just looked, and ( GE ) was at 35.54. At 35.54 ( GE ) is paying a 3.15% dividend.
So using that line of thinking ( GE ) should be close if not right at a 52 week low here.
May I continue.
( GE ) had a 52 week high at 36.47. At that time ( GE ) was paying a $1 dividend, which equaled out to be a 2.74% dividend.
( GE ) is now paying a $1.12 dividend which could equal out to be a new target of 40.75. Because that would put it's dividend at around 2.74% at that point.
I might be exagerating a little here, but one can start building a logical reason ( Not some stupid 52 week closing high theory )to buy ( GE ).
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Registered User
Joined: 1/28/2005
Posts: 6,049
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On a weekly chart GE was very tradable from 1995 to 2000.(up)
2000 to 2003 (down)
2003 to 2005 (up)
Now there has been a tightening of it range.
(100 day maxhigh minlow 36.48, 32.2)
(100 week maxhigh minlow 37.34, 32.06)
When GE was on the move these ratios
MAXH/MINL reached 2 to1.
My guess is whenever GE starts to expand its trading
range (up or down) that will be its next major direction.
Thanks
diceman
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