What about F?

LEAPup · Mar 8, 2009

Quote from ATL-FXTrader:

Very funny you guys mentioned that, my dad bought ford at 1.53 and sold at 1.98 anticipating that its range bound for a while at the minimum but a much greater possibility to rally through resistance with this inside/out price action. He has a buy order in again at the 1.50 zone for whatever its worth.

He sees them returning to the roots of demming management method and pulling themselves out somewhat but the question is, are they already in too deep? Who knows!

I think F is worth a ride in the meantime on the long side. Set stops according to your tolerance though.

LEAPup · Mar 8, 2009

Quote from Random.Capital:

This goes back at least as far as Reagan, who institutionalized the unsustainable idea of raising taxes to buy more Treasuries. Arguably, the seeds for this lie with Nixon, who didn't have the courage to keep monetary policy where it was and deal with spending/Vietnam as the problems they were. Instead he went "reserve currency" and price controls.

Since 1970, really, the only two administrations that acted with anything resembling an understanding of fiscal responsibility (even if they ultimately failed) where Bush the Elder and Carter. And the electorate rewarded them both with an early boot from office.

Carter actually did something right??????:eek: :eek: :eek: LOL!!!!!!!!!!!!!!!!!!!!!

ATL-FXTrader · Mar 8, 2009

Quote from LEAPup:

I think F is worth a ride in the meantime on the long side. Set stops according to your tolerance though.

Yeah I agree. I told my father this. I asked him where his stop was and apparently it was at zero! :eek:

NoDoji · Mar 8, 2009

Quote from cubical:

Clinton started affirmative action lending which got us into this whole mess in the first place.

Affirmative action lending did not get us into this mess. Subprime mortgages did not get us into this mess. Putting lipstick on pigs and selling them to large institutional buyers in mass quantities via the projected expectation that there would never be a pull back in growth (unsustainable growth based solely on credit at that), got us into this mess.

crgarcia · Mar 8, 2009

Quote from Brabed:

What do you all think of Ford? I know I should have my head examined for thinking of buying automotive stock, but consider this:

If GM tanks completely, which it will, it's one of the big TWO and the only publicly traded car company in America.

Stock price has held it's own last couple of weeks against the broader bear market.

Just the fact that they did not take any bailout money (correct me if I'm wrong) says a little about the long term viability of the company.

I'm think this is a good one to accumulate on the SLOW way up, writing covered calls on the way. Any thoughts?

If there has been discussion on this in another thread, I apologize, but I didn't find anything recent.

Ford is the crappiest company of the second crappiest industry sector (just below banks).

Who would buy such crap?
A crappy investor?

LEAPup · Mar 14, 2009

Quote from crgarcia:

Ford is the crappiest company of the second crappiest industry sector (just below banks).

Who would buy such crap?
A crappy investor?

I bought 100,000 shares F at $1.74 for ten of my Growth Clients the next day after your post. F closed today at $2.19. I moved the stop up to $2.00

As it stands of the market close, each Client has made $4,500 in the last 5 days. Up 25%...

If we pullback, I stop out, and add $2,600 to each Client's account. No commission. Fee-based.

We get back down to around $1.60-$1.75, I may go again. Right now, looks like F will inch up with the short (very) term rally we've got going on now.

Do you need someone who isn't a "crappy investor" to manage at least your retirement assets so you have money for later in life?

J/k. Couldn't help it. lol!

professorkev · Mar 14, 2009

Boy Leappup. maybeI should have you manage some of my money

)

I tried F before but always on a donwtick. never lost but broke about even.

I see it drop to 1.60 and think, oh boy buy it and sure enough drops to 1.50. for me to see 20k shares drops like that, leaves a poit in my stomach that I can't handle with such an iffy stock.

I'm stuck with RTP and SLM

LEAPup · Mar 15, 2009

Quote from professorkev:

Boy Leappup. maybeI should have you manage some of my money )

I tried F before but always on a donwtick. never lost but broke about even.

I see it drop to 1.60 and think, oh boy buy it and sure enough drops to 1.50. for me to see 20k shares drops like that, leaves a poit in my stomach that I can't handle with such an iffy stock.

I'm stuck with RTP and SLM

LOL!!!

I couldn't help that one. Had to pick on him a little.

LEAPup · Mar 15, 2009

Quote from professorkev:

Boy Leappup. maybeI should have you manage some of my money )

I tried F before but always on a donwtick. never lost but broke about even.

I see it drop to 1.60 and think, oh boy buy it and sure enough drops to 1.50. for me to see 20k shares drops like that, leaves a poit in my stomach that I can't handle with such an iffy stock.

I'm stuck with RTP and SLM

Btw, the only reason I've done well with F is because I've observed the PA for some time, and have a friend

giving me ideas on stops. Nothing major.

If I had observed others besides F, I'd be posting a much better return here than the above, which is meager at best for such a high beta "company."