NYSE:GE Yes, 'there is blood on the streets' you know it, I know it. However, before GE goes down 'hard cold' busted, we can squeeze +100%. Let me share twisted views on the matter.
Fundamental View Do you think the government will allow/tolerate GE's bankruptcy? Be serious!
Technical View Take Fibonacci Retracement from the highest high, then go to the lowest low, what do you see? I bet you 1-thing, it cannot go to zero right now, it will not look good nor technicals indicate such scenario.
If you take the risk (trading/investing is all about risk) then prices could and will slide towards $12, $10 range making a more constructive 'Buy Scenario' building up towards 61.8% Fib near $33.00