I hear all this fear in the auto industry . I know of 4 new Chevy trucks bought this month here in the USA which is still the largest market . The wealthy in the Brick countries are still buying too . BWA might have slower growth forcasted but things will pick up and they may just beat . $60 will return this is a steal as usual every year near the low .
I did buy some. Hold on, its on the way back up, unless the DOW craters like Abbey joseph cones brain.
I'm buyinmg DFS on weakness.
Well PA, did you back up the truck and load up today? It is $3 bucks away from its 52 week low, so, maybe you should wait a few more days?
For me, ever since I bought this POS as week or so ago it has put me in the house of pain.
Even though I did my DD, the powers that be, or those in the money, or whoever, are doing a great job keeping this POS down? Or maybe, the real reason lies in the fact that because China is plunging, it is taking the indusrials down with it?
I bought V, IP, MON and BABA around the same time I picked up BWA, and all of them are either up, or only down -2 per-cent, in contrast to this POS that is down 8%.
My rule is to dump any stock that falls 8% from my buy or it s high after I bought. Unfortunately, the 12% plunge for BWA was to quick, I hesitated for a couple of days and it is clear I made a mistake not following my 8% Rule.
Good luck to all of us.
This POS has been falling like a rock while Lear and Johnson Controls has been rising.
I should have know to dump it when some analyst on Fast Money was pimping it. He probably needed to unload a ton of shares, so, jump on CNBC and hawk it to the dummies.
Hopen n prayen has never been a good strategy for me in this Market.
As usual, when I buy a stock, it falls, down 7% for me since Monday. At least there was some green today.
Right now, BWA is one of the best stocks to buy.
I'm watching closely too.
Its probably a buy right here!! ($50.00 is a gift)
It will bounce back hard!!
Good luck, if you find anything please post!!! THX!!