Wednesday, March 04, 2009
Exciting GE/Cramer Update
As a service to our readers, we're updating the price per share of General Electric, a company that stock-picker (and GE employee) Jim Cramer said he was buying last week and was urging CNBC viewers to do same. Clearly we can retire on the mad profits we've reaped, no?
Price when Jim Cramer said he was buying GE (2/27/09):8.51Price today (3/4/09):6.69
That's a loss of 22 percent in less than one week. Looks like another brilliant call, Jim!