Yes, good point. Nobody thought the side of a white semi truck would look like the sky to computer sensors. What else didn't they think of?
That idiot analyst will be a friend of a large short hedge fund seeking to cover... it is obvious that they used Brexit to cover and will now likely cover in the 12s as they see this as the bottom. The news on the May auto sales was a good example of the influence the large hedges have with some of these journalist and so called industry experts as the analysis was poor to terrible in not describing the loss of a weekend in May vs last year...etc.
June numbers stronger than expected... compared to GM which were weaker than expected. Seeing a separation from industry with Ford here... no slowdown in sight for this lineup of trucks only complete domination for next two years. Trucks carrying highest margin...
I see Ford bouncing back to $14 and low $14s... auto sales numbers today will be strong...May was a anomaly due to short month... dividends strong and Ford future technology and global presence (now a new treatie with EU) is strong. Not to mention the new MPG for F150s... there is little doubt Ford is not peaking this year and it will bounce to a higher level short term and likely $18 longer term.
Nice to see come comments on the stock here. Brexit is confusing for Ford... in one sense it might create demand in Europe with the pound down, but also if there is an economic slowdown then that could reduce consumer spending. I am long Ford as I think it is already very discounted. Ideally, the Brexit stake holders will come together with a plan that provides free trade still ...yada yada... everyone is happy. Worst case, all other EU countries drop out...Germany falters... things go down hill.
Honesty, I can say this is the most ridiculous thing I have read about BP ever from a poster. Congrats... we are all in this to support Great Britain's welfare system. All the oil analysts are in on the cover up...just do I have this straight...you are saying this is a terrible stock but that fact remains very hidden in order to protect the annuities being paid to the Brits... with the "4.38%" (entirely incorrect by the way), dividend? Ok... got it. THanks for that insight.
I just wan to chime in here and say "tanking" seems kind of strong for what happened to Ford's stock based on 1 monthly number... the stock went back to the most recent support of 2 weeks ago. The dividend yield and future cost cutting and annual revenue increase will keep F going in the right direction... a short month is not going to impact this much. It is just a game with the shorts who are now covering and if anything we will see F rise to where it should be based on valuations of it's Peers...
Agree...seems like the dollar is leveling out...some doubt about June raise entering market now. Does appear to be strong tail wind for oil to go higher....and BP is long overdue for a big move to mid-30s.
Your posts are very welcomed... keep us posted. I have some dry powder... wondering if we break the channel down due to strong dollar...etc. so far still looks like a bullish channel.
No... seeking alpah is just a hodge podge of writers trying to get views. He doesn't mention cash position of BP which is what they are using to ride out storm... my opinion... if oil goes below $40 this summer or Fall for an extended period they will cut but it doesn't look like that will be the case.
Strong close....higher than average volume... I think this is finally doing what I thought it would do prior to Q release, but the consolidation took longer than I expected. If market holds up tomorrow it should have another good day...
crossing the 200 is bullish... also the 50 day will cross the 200 soon also... I expect this to run a little as positive technicals are strong.