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:
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.
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!
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."