Recent Sell: General Electric Company

Well this escalated quickly. I went over the numbers again and made projections for the next six to twelve months and as a consequence decided to eliminate the whole GE position consisting of 230 shares forĀ 22,013 USD per share. There’s a significant risk for an extremely hard reset for the company. For the short term is also allows me to takeĀ some tax losses from my original entry position. I’ll keep an eye on the company for a re-entry but don’t expect it to happen until the first half of 2018. Then again my thesis might be completely wrong in which case I’ll try to use the cash to trim down the portfolio debt which I would like to eliminate completely within a year or so.