Against the Grain: Buy FORD (F)
HOLD or BUY your stake in (F) is going against the grain...
TheStreet.Com / "Wrong about DPS when they were bearish" .com
Has just told shareholders to sell their stake in FORD.... Effectively opening up a mass sell-off at some point which would lead to being able to buy (F) on the cheap.
How is going against the grain on (F) translate to SELL? and not BUY?
As far as I can tell (F) did not close at or above a 52-week high. In fact it closed last night a full $1.28 below 52-week high of $8.86.
If this was pushing to new highs and someone said SELL!!!! Then I'd believe that would certainly be going against the grain.
But telling people to CONVICTION BUY (F) and providing an $11.00 price target? NOW THAT in today's world is Going Against the Grain.
There are still plenty of All Stars squeamish over Ford's debt and share dillution and other balance sheet problems.
There is still a chorus of anxst over the UAW rejection of the contract deal.
There is still a host of BEARS out there on (F).
Goldman Sachs's $11.00 .... Not the "TheStreet.com's Anal Retentiveness" is what it means when you say to Go Against the Grain.
Goldman Sachs consistently goes against the grain on a lot of stocks saying Haliburton was a buy long before anyone else would. Jim Cramer beat up Goldman Sachs after they declared HAL as a buy ... this was much earlier in the year. Yet HAL's share price went higher and higher and Jim Cramer's reputation went lower and lower with it.
Face the facts..... (F) FORD is a *Load em Up* stock long term....