GE-Ahead of the Curve

In yesterday's GE Follow up  I said the following,

"Yesterday I highlighted GE-if you took the trade, you made money today, but the long term impact to GE's business model may be severely impaired. The reactors in Japan are 40 some odd years old and many of the US reactors are just as old. There has been a move to extend their useful lifetimes that has generated controversy. I wonder how this impacts GE in the long run?"


Today that line of thought was picked up by Bloomberg


I still consider GE a longer term short trade and would consider adding on any strength.


This Hieken Ashi Chart shows the momentum in GE, it's not good looking.