FORD - wish I could get more

[xboilermaker]

Figuring FORD didn't have much downside, I got some 3 weeks ago, now after today's fiasco, wish I wasn't tapped out, because I am down big on this one, and don't see how anyone could lose, since this reaction is in my opinion, overdone. Not trying to pump, just trying to make someone some money. Check it out.

[the_menace]

At what price did you get in?

[jacobnbr1]

i have been waiting for 5.00 on ford. i was wondering if the 5.00 entry would be a one day wonder. not sure?

[xboilermaker]

Regretably, I got in with 200 on the 2nd at 17.25. Ouch!! House of pain 3 weeks running, only to realize true agony today. I make my own decisions, but that still doesn't stop me from loathing the ceo with his positive outlook today, while wiping out my cash in the same breath. Oh,well, still doubled the DIA this year.

[pietistic]

Ever hear of a stop loss? Letting yourself lose that much is ridiculous.

[xboilermaker]

Different strokes for different folks. What is rediculous is getting stopped out at the bottom of a little dip a few times and watching your stock recover and take off without you. And yes, I have heard of them, and used them back when, but got tired of what they cost me in gains. That is one point where I firmly agree with Cramer now, so you go ahead and put your stop losses in place.

[pietistic]

I'm not talking about a measly 10% stop loss that has a good chance of getting hit... maybe 40, even 50%. You are going to be holding F forever and your cash is going to be tied up while other better investments come and go.

I'm a firm believer in cut your losers off and let your winners run. Of course, if I hold a stock over a month, something's gone wrong. ;)

[xboilermaker]

I fail to see the advantage in that, because in my trading, catastrophic losses like FORD are uncommon, and even if I had placed that type of stop, how would I be better off, since in total I am still at less than the 50% stop you reccommend. Also, when trading is halted, as in FORD this morning, there is a chance that I would have been sold out in the $8 range when trading resumed.

[pmb1010]

why was trading halted?
I cant seem to find anything about F online at MSN money.

What's the story, is F a buy at under 8 bux?

[BOOOYAHOOO!]

why was trading halted?
I cant seem to find anything about F online at MSN money.

What's the story, is F a buy at under 8 bux?

Ford Motor Company trades under the symbol F. It is not a good long term buy until below 5.50.The stock that trades under da symbol FORD is a piece of crap that everybody jumped on because it was the momo play of the day a few weeks to a few months ago. F is a decent long term play. FORD is an idiot stock. There are lots of idiot stocks that are now trading in the 20's like FORD was a few weeks back and will be trading for 5.00 in da future. Let's start with the letter A in da alphabet and expose them to da masses...AMR, AMTD.... :D

[xboilermaker]

There is a misunderstanding. The symbol is FORD, for Forward Industries. You are right BOOYAHOO, because I was an idiot for thinking that the decline was almost over, trying to ride it up like I did last summer. But like I say, I'm a big boy, and not crying. Gonna cut and run before much more down.

[pmb1010]

whoops, thanks guys - my goof "F" and "FORD"...
:oops:

[Shizie]

FORD was a usual penny stock which was choosen by someone to scam retail investors... there are many similar stocks out there..

the game is over, go home. It could bounce monday for a few %, but from there it will go down and down..

getting ready to short.

[the_menace]

There is a misunderstanding. The symbol is FORD, for Forward Industries. You are right BOOYAHOO, because I was an idiot for thinking that the decline was almost over, trying to ride it up like I did last summer. But like I say, I'm a big boy, and not crying. Gonna cut and run before much more down.

That's OK, we all make mistakes.

I made a stupid mistake 2-3 weeks ago. I got in with PFE @ 21.50 which I thought was the bottom, then watched it for a week declined to around 20 something then sold it to stop the loss. Big mistake! The day after I sold it, the freaking CEO announced an increase in dividend which raised the price to $24...I would have made some nice money. So, I feel crap about that.

[BOOOYAHOOO!]

There is a misunderstanding. The symbol is FORD, for Forward Industries. You are right BOOYAHOO, because I was an idiot for thinking that the decline was almost over, trying to ride it up like I did last summer. But like I say, I'm a big boy, and not crying. Gonna cut and run before much more down.

That's OK, we all make mistakes.

I made a stupid mistake 2-3 weeks ago. I got in with PFE @ 21.50 which I thought was the bottom, then watched it for a week declined to around 20 something then sold it to stop the loss. Big mistake! The day after I sold it, the freaking CEO announced an increase in dividend which raised the price to $24...I would have made some nice money. So, I feel crap about that.

PFE is the kind of stock that is going to confound traders when they really should be investors. My guess is that some news will come out on PFE before it actually hits long term bottom and the news will move it higher in a false move like GM made when Kerkorian started getting in. Just be careful you don't make the same mistake lots of fokes made with GM. GM traded to appx. 23-24 when Kerkorian got in last time. It then ran into the mid 30's on the CNBC hype and the false locic that "if Kerkorian likes it, it must be good!". :D I can see the same thang hapnin wit PFE. It might just run which will make you sorry enough that you got out to get you back in, only to be sorry you did that! That's the way most people do it. And a move through 25.00 means PFE runs the risk of a Cramer BUY BUY BUY call. This is just the type of setup in PFE that could make Cramer get all giddy. Then you will be betting with Cramer and a bunch of giddy idiots! YIKERS! :lol: