Friday, July 31, 2009

374% Return on My Money

On July 17th in this blog I wrote that I had covered my short position in General Electric and went long the stock at $11.70 a share.

Well, take a look at the chart here.

Thank you GE.


A 14.4% gain in two weeks. Annualized that is a 374% return.

Not bad, eh? Talk about high yield investing.

Look at those beautiful gaps upward. And realize this chart only reflects prices at $12.00 and over. I was up before the chart even started.

As I will explain in later posts, GE is now the perfect traders stock. If you know how to read the tape (like me) you can play General Electric as a cash cow.

And in case you are curious what GE has to do with real estate, read this.

Robert J. Abalos, Esq.