There are still plenty of naive hands trying to catch the falling knife while in the smart money realm, it is a shorting/selling market now for General Electric. One can reasonably expect the GE downtrend to last for quite a long time because the shorting/selling party has just begun for GE. In essence, the funds flow on GE is rather bearish.
Based on extremely high funds outflow, General Electric is now a short-sellers' market, a selling paradise and a must-short to act as a hedge for one's portfolio of longs investments. The funds outflow is impulsive. Based on long term technicals, General Electric can go as low as $6.925 (first half price), $3.46 (second half price) and $1.73 (third half price with a near -90% loss in value) from here. I will not be surprised if it hits $1.00 per share (more than -90% loss in value).