Many people have bought ford for its dividends; That was an expensive dividend.
Before F goes up it will have to create a long base. That will give plenty of time to shorts to get out at a nice profit, but do not look for that moment any time soon. The trend is down, holders are feeling the pleasure and they are bailling out. Mutual funds will get killed for holding ford in their portfolio and will feel the preasure form their holders.
Ford is not as bad as GM but it shares all the same problems that GM. Easily expect another dollar down