- Nov 29, 2012
Happy ending (above was from 3/24/20): Cashed out GE last week and profits are en route to CMP for a Service Grade Garand.Took a small position in GE in the 8s and kept adding down to the low 6s this month. Figure the stock is so beat to hell right now why not; I’m Larry Culp fan and think he’s the right guy for the situation. I also like to have a “pet” stock to follow for fun. Everything else I own is in various indexes.
If I’m wrong the shares will end up in my little kids’ Christmas stockings as gifts with a note that says “open in 15 years”.
In hind sight, (1) most any stock would have accomplished this return and (2) I threw a dart and got lucky, nothing more. I’m happily back to a zero individual stock portfolio again.
Now back to my VT/BNDW snooze fest.