Top blogger: GE rally is too far, too fast

Aaron M. Sprecher | Bloomberg | Getty Images

Editor's note: David Alton Clark is the No. 2-ranked financial blogger based on pick returns, according to

GE's stock has been on a tear lately, and for good reason.

The company is making great strides in its efforts to transform into an industrial pure play. On top of this, Jeff Immelt, its CEO, stated GE plans to use the billions in proceeds from the sale of the company's finance operations to buy back shares.

The stock is a definitive long-term buy. Even so, I'm not so sure I would jump on the bandwagon just yet.

Here's why.