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February 9, 2010

Willard asked about GE

Willard.

What is your opinion on GE for the immediate future (1 mon) and beginning of summer?

Hi Willard and thanks for the question. I'm also currently long on GE with options. It's gotten a trading range here which is pretty tight as many have. I'm looking to sell it again around $16.15 or so. I would take part of it off the table at around $16 and more higher.

I like to dollar cost average on the buy and sell side.

I would look for a $18 GE somewhere around May/June. It trades with the Financials and they have not performing even though GE reported great numbers, has been selling a lot of it's products and the sell-off of Universal. Fundamentally very strong and Techinically a tight trading range like most of the market. INTC has had the same issue as have many.

Thanks again for the questions, keep them coming and spread the word about the site. We need lots of participation so your help is greatly appreciated. Only the beginning.

Marc Roth

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