See I told you so! (F) Ford is up 17 cents so far
FORD trades up 17 cents... Was as high as $7.65 so far today. That is a sign that "Smart Money" is once again swooping in and preventing the stock from dipping to a 6 handle.
Maybe eventually the stock dips to a 6 handle. But, apparently it won't do it at least until September when we get August's car sales figures.
I think investors are BULLISH on (F) Ford's foreign sales and want to believe those sales can offset some of the month to month DIPs in sales figures in America from the Cash for Clunker months of July and August.
So, if you are a BUY & HOLD (F) Ford investor and you want to *care* about the sales figures for August. I would focus your attention on the Foreign sales figures more than the U.S. ones.
Oh and for the naysayer that said that as a Buy and Hold investor I am sitting around only getting 2-3% gains...
Well... if that were true then why did my portfolio almost TRIPLE in value since March?
yes I am a buy and hold investor.... But not 100% so... I very...very...very...occasionally trade in and out of a stock. But, I've been doing a lot less trading and a lot more holding.
Buying and Holding is an ACTIVE activity anyhow... It's not a PASSIVE activity... That's why it gets beat up by Traders a lot. They think us BUY and HOLDERS just buy into a position and hold it forever never bothering to do any research on our companys..... never bothering to take advantage of Sell-Offs (Like FORD yesterday) that are unjustified... as well Euphoric BUYing like (DPS)...
When my stock is UP HUGE.... Sure... I can and sometimes do take profits....
When my stock is DOWN HUGE... I don't fret.... I step in and buy on the big dip... That's how I played (FRPT) TWICE.....Once after contract miss.... again after FRPT's earnings report dip.