which are just completely eating their lunch when it comes to direct to consumer, and that's where the industry's headed," he said. "And then you take a look at their product. Have you ever looked at their shoes? They literally make the ugliest shoes that the world has ever seen. ... That's my opinion, but they're also not growing that segment at all. There's no growth there, and I think for good reason.
Matt Maley, chief market strategist at Miller Tabak, said the technical charts look "as bad as the fundamental outlook" for GE. "It's funny because a couple of years ago, I made one of my better calls saying that GE down at [$]6.66 was a great buy over an intermediate-term basis. That worked out very well. But this is a stock I would not buy on an intermediate, long-term or short-term basis," he said. "It just does not look good at all on the chart."
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