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Monday, March 01, 2004

A nice up day for the markets. The Dow was up over 94 points. Good breadth and volume was OK for a monday. However GE could only manage a 27 cent gain. I mean it's better than a loss but with the market acting strong I would have liked to see a real nice move up. The volume on GE was very light also. Not a good sign. The option price didn't move, that was expected. This trade is looking more and more like a dead dog. After the bell the Chairman of GE said that revenues would quadruple in some of it's foreign markets. If that can't get this stock going tomorrow, nothing will. We shall see. Market getting short term overbought here though. Could just drift to the downside until fridays employment report.

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