GE broke down from 10 dollars. Possible buying opportunity?

GE has been in a big down trend since 2000! where it reached around the seventy dollar area. Now it's going back down after several months in the 10 dollar area. The next levels to watch are around 6.50 where it could be a possible great buy even with all the negative factors. It is none the less a well known brand and there is something to be said for that fundamentally speaking. I'll be keeping an eye on this one over the next few weeks.
Possible 100%+ return! (Not trading or investment advice.)