My Mistake With GE

As stated previously I currently own a couple thousand shares of General Electric (GE). I had been buying the stock between $7 and $13 per share. My plan was to buy thousands of shares when GE hit the $5 range. A few weeks ago the stock dropped below $6 per share and the Dow was down to 6,500. When this happened and I saw GE at $5.90 I got worried. I started thinking, what will stop GE from going to 4 dollars or zero? I didn’t buy any shares when GE hits its 52 week low of $5.87. Over the past three weeks GE has almost doubled and is trading near $11. I missed a tremendous opportunity to make a hefty profit all because I allowed emotions to interfere with my investing thesis. I knew that while GE Capital is struggling that GE Industrial has a value of approximately $12 per share alone. Needless to say I learned a valuable lesson: When all else fails, stick to the plan!