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Showing results for tags 'overnight position'.
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Most recently purchased 20,000 shares of General Electric (GE) at $17.44. Got caught holding overnight, and the next day was their day to report quarterly earnings. Coupled with the foreclosure debacle, GE Q3 earnings coming in under and the DOW misbehaving that day, the GE stock tumbled well below $16.00 now leaving me somewhere in the negative $28,000 area. The question I now ask myself... Should I sell at a loss and move forward? How long will it take for GE to bounce back to around $17.44 from around $16 and change? Also, half the stock was purchased on Margin from TD Ameritrade. So there is about $35 per day in interest adding up. Any ideas from anyone? what would you do? Chris/NJ