Positioning…
I started getting in to GE here for two reasons:
1. the indicated dividend is over 5%
2. a play on the bailout market pop we will see
I allocated a bunch of capital to start playing the market, and I am starting to use it. I still think the markets go down, but the bailout (no matter how much it upsets me) will happen. I want to capture some of the upside when it does.
Not going too heavy into options just yet, as I still do not like what I see on the tape, but I am waiting for attractive entry points to which I will no hesitate to enter.
