I have moved into a long Call Option on GE . Their fundamentals have turned around significantly, they’ve cut debt, they will be good in a Biden America with their renewable energy sector and when their aviation sector picks up I think that they will see growth over the next few years.
Volume has been low except for the sell off at open. 100 and 50 MA have leveled out. I’m sure the big jump at open were shorts covered and then immediately sold which is why we are near where we started the day. It depends on the rest of the covers honestly. They will cover and immediately sell, That’s been the trend. If they only have two days left to cover I...
