GE In Trouble GE 麻烦大

GE (7.93 )is looking bearish as it's accused of accounting fault and very weak technicals, strategy is sell on rallies:

。General Electric—Shares of GE plummeted as much as 14% shares after Madoff whistleblower Harry Markopolos accused the company of deceiving fraudulent financial statements to cover up its problems in a 175-page "whistle-blower report" . Markopolos took aim at past and present Executives in his report and said that GE is “a bigger fraud than Enron and Worldcom" ---CNBC, Aug 15, 2019

。Harry Markopolos alleges GE， the struggling conglomerate has masked the depths of its problems, resulting in inaccurate and fraudulent financial filings with regulators. GE's insurance unit will need to bolster its reserves by $18.5B in cash and faulted the way the company is accounting for its oil-and -gas business. All told, the accounting problems amount to $38B, or 40% of the conglomerate's market value. ---SeekingAlpha.com，Aug 15，2019

。"The sale of GE Biopharma will improve GE's credit metrics.
In Q2, GE may have lost its one remaining moat.
I estimate GE's pro forma debt after the Biopharma sale would be considered junk.
An enormous debt load and no moat is troubling. Sell GE."
  ---Shocking The Street via SeekingAlpha.com，Aug 13,2019

。The options for expiration on September 20 saw their open interest levels rise by almost 40,000 contracts on August 13, to around 123,000 contracts for the $9 puts. That compares to roughly 4,000 open call contracts at the same strike price. Open interest at that strike price has risen sharply since July 31.
The technical chart suggests the stock can fall further.
---Mott Capital Management via SeekingAlpha.com， Aug 13, 2019

。Technically, GE has formed a 6 1/2 month the most bearish Island Reversal pattern. It is also below 20, 50 and 200 day moving averages. Its trend is down. Supports are 7.5 then 6.38 all time low. Resistance is today's high at 8.63.


Disclosure：I own GE Put.

GE (7.93 ) 由于它被指责有欺诈性财务报表和技术上非常弱势，GE趋势继续看跌, 策略是逢高卖出：

。在麦道夫（Madoff）举报人哈里马可波罗斯 （Harry Markopolos）举报 GE有欺诈性财务报表以掩盖其175页“举报报告”中的问题后，通用电气股份通用电气股价暴跌14％。 Markopolos在他的报告中瞄准了过去和现在的高管，并说GE有“比安然（Eron）及Worldcom更大的欺诈行为。”--- CNBC，2019年8月15日

。Harry Markopolos声称通用电气这家陷入困境的企业集团掩盖了其问题的深度，导致与监管机构提交的财务申报不准确和欺诈。通用电气的保险部门将需要以185亿美元的现金支持其储备，并对公司的石油和天然气业务进行会计处理。总而言之，会计问题达到380亿美元，占集团市值的40％。 --- SeekingAlpha.com，Aug 15,2019

。“出售GE Biopharma将改善GE的信贷指标。
在第二季度，通用电气可能已经失去了一条剩余的护城河。
 我估计通用电气在卖出生物制药部门后债务被视为垃圾级。
巨大的债务负担和没有护城河是令人不安的。卖出GE。“
  ---震惊街道，来自SeekingAlpha.com，8月13,2019

。9月20日到期的期权在8月13日的未平仓合约上涨了近40,000份合约，9美元看跌期权合约约为123,000份合约。相比之下，同一行使价的看涨期权合约只约为4,000份。自7月31日以来，该执行价格的未平仓合约大幅上涨。
技术图表显示股票可能进一步下跌。
---莫特资本管理公司，通过SeekingAlpha.com，2019年8月13日

。技术上，通用电气图表已形成6个半月最负面的岛形反转模式。它也低于20日，50日和200日移动平均线。它的趋势是下跌。支撑为7.5，然后是6.38。阻力为今天高位8.63。


披露：我拥有GE Put。