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What about Ford?

Discussion in 'Market Predictions and Reports' started by godoftrading, Mar 6, 2009.

  1. godoftrading

    godoftrading Private, 1st Class

    Jan 4, 2008
    Likes Received:
    What do you all think of Ford? I know I should have my head examined for thinking of buying automotive stock, but consider this:

    If GM tanks completely, which it will, it's one of the big TWO and the only publicly traded car company in America.

    Stock price has held it's own last couple of weeks against the broader bear market.

    Just the fact that they did not take any bailout money (correct me if I'm wrong) says a little about the long term viability of the company.

    I'm think this is a good one to accumulate on the SLOW way up, writing covered calls on the way. Any thoughts?

    If there has been discussion on this in another thread, I apologize, but I didn't find anything recent.

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