The pre-market buyers of last resort, hoping that GE just kitchen-sinked by slashing its dividend by 50%... are in trouble.

Everything was fine until CEO Flannery started speaking...

• *GE TO BORROW $6 BILLION FOR PENSION CONTRIBUTION, CEO SAYS
• *GE CEO: ALSTOM ACQUISITION PERFORMING BELOW EXPECTATIONS
• *GE CEO: GE POWER EXACERBATED ITS PROBLEMS W/POOR EXECUTION
• *GE CEO SEES `LIMITED' M&A IN THE NEAR TERM
• *GE CEO: NEW, SIMPLER EARNINGS METRICS TO FOCUS ON CASH

The company also announced that it expects adjusted earnings of $1.00 to $1.11 per share for 2018, which was lower than Wall Street's expected $1.18.

And shareholders pulled the plug...

Sell the rumor, sell the news?