Dykstra's Deep-in-the-Money Call: GE

In basketball and hockey, it's crunch time, as players in both sports face a grueling second seasons in order to crown a lone champion. The Atlanta Hawks and Denver Nuggets are going to the NBA's big dance, while the Golden State Warriors are heading home. The NBA playoff lineup is set and its time to let the cream rise to the top. Mediocre teams can ride a hot streak all the way to the top, while juggernauts can get bounced in the first round if they are not on their game.

The bottom line is that one mistake can cost a team its entire season. It happens almost every year where one pivotal play changes everything. In playoff sports, teams have very little time to rebound from losses and turn things around.

In the stock market, things don't necessarily operate that way. Just because a stock is down, doesn't mean its out, and often it's quite the opposite.

For example, investors continued to take in bad news on Monday as the sting from General Electric's(GE Quote) missed quarterly numbers continued to hurt and Wachovia(WB Quote) doled out some disappointment of its own. The bank announced a larger-than-expected first quarter loss of $350 million. It also said it cut its dividend. ...