Ford Motor Co. Message Board
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How many of you took profits yesterday?
Im sure if you have been doing this for a while you most likely did. Good luck to any that might have not locked in profits.
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I was really smart b/c i took $17,000 in profits. However, i bought another basket of shares at $8.30 and now i am down $16,875 today. happy yesterday, sad today
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Sold some June calls I bought for $1. Sold @ $1.5 for a nice 50% return. Pocketed about $5K. Was very happy to get out of the position. Had been in it a couple of months before the stock took a big drop. Bought more calls last month when the stock was around 6 that don't expire till Jan 09. I'm making a real nice profit on those calls but will hold on a while longer. Though ups and downs I'm hanging on to my long position.
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All my remaining stocks are free and clear of original investment but not sure I should have done that. There is an article in Ann Arbor news about Ford's quality and their "world" car that is gaining market share in Europe and selling in China and coming to US in 2 years. Today's dip is buying opportunity for me.
- 1 Reply to johnharleyn
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I would wait till $7 before jumping back in the pool. Look at not just it's 3 month chart, it's one year chart shows a trend. And it's likely to go down to $6.50 before a rebound.
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All out yesterday, spouse and I....... Thank You Ford.....
- 1 Reply to lscsmallie
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Good call, in this market everyone can make great profits. Longs and Shorts just need to use there head. Love no stock, unless you own the company.
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We all were having such a good time watching the "Shorts" cover we forgot to take profits!.. LoL!
But the Shorts are selling now and trying to short again... What a rat race this has become.- 1 Reply to crunchy14u
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Yes I was lucky enough to short this when it was out of control and getting covered like crazy. Saw the drop from a mile away.
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