Selling GE

I’ve decided to close out my position in GE. The holding represents one of my first major investments, dating from late 2011. After capturing an over 50% gain in the stock I see no reason to continue to hold this Large Cap industrial firm. While I feel that it could perform in-line with the market, I do not see any major catalysts on the horizon, or other reasons to believe that management is superior to competitors. I intend to take the gains in cash for the short-term, and will either invest the money in a market tracking ETF, or another good Mid-Large cap company if I see a compelling opportunity.


Author: secondhandstocks

The genesis for this blog stems from a Marine buddy and I came back from Afghanistan with more money than knowledge, and heedlessly tossed our hats into the stock market ring. A few months later, I remember discovering the classic book The Intelligent Investor by Graham and Dodd, and ravenously devouring my first introduction to value investing. That framework - with some generous additions by Seth Klarman, and Joel Greenblatt among others - guides my investment philosophy. I spent five years working in the intelligence field, both in the Marine Corps and then for a government agency after that. I speak Arabic and Pashto, have programming and analysis experience, and enjoy investing in technology companies as a hobby. I also spent a year on Wall Street working on a #1 Ranked Institutional Investor team, before deciding that that the Sell-Side was not for me.

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