What about Ford?

[godoftrading]

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.

 

[fibonelli]

 

[DaxDestroyer]

Follow the leader and JUMP!!! :clap::clap::clap:

 

[fifty2aces]

If those people were replaced by money, that would be an accurate representation of the US automakers business model.

Also, godoftrading is a spammer.

 

[counter_violent]

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.

Don't forget to split your pot.....that way you can invest /trade a broad basket of crap companies.....to reduce risk.

Yesterday citi at 99c



.









ps. I'm seriously concerned about your mental health.