Wednesday, October 1, 2008

Following Buffett into GE

I followed Warren Buffets lead today and bought General Electric (GE) today at cheap prices. I bought some shares at $24.50 after the announcment. I recommend buying shares right now below $27. The stock is on its way back up above $30 once the bailout passes. The company is selling $12 million worth of stock to raise capital for its struggling GE Capital business. The company touches every part of United States business as well as international business.

Enter Price $24.50
Target Price $32.00 by 01/01/09

*Disclosure* I own shares of General Electric.

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