Oops, you just lost 30% on your investment!
It seems that the war in Iraq has had little effect on the price of General Electric stock. You went with the flow and it cost you. Not long after you shorted the stock, President Bush announced that the United States would invade Iraq. This announcement did not do much for the stock but the headlines have quickly changed. Next time maybe you should try being a contrarian.
The corporation is continuing to grow their company, and they increased their top line by 10%. The broader markets are up for the year despite all of the horrifying news that was coming out earlier. The allied forces entered Iraq and conquered Baghdad within 21 days. The United States still occupies the country as a new democracy is set in place. Your poor logic has caused a sizable setback in your portfolio.
General Electric Corp.
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