Short GE


I decided to go short GE at $10.18 due to ongoing weakness in the stock. I don't believe the company is recovering, but the stock has enjoyed a tremendous rally since the December lows, bringing it back up to the 200 day moving average. I had been waiting for an opportunity to short GE. My theory is that shareholders will also use the current opportunity to dump their shares.

However, if the stock rises meaningfully above its 200 day average, I would cover my short.