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Varchild2008 (83.79)

Selling cause it's high

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October 26, 2010 – Comments (7) | RELATED TICKERS: F

I read an article on (F) in which the writer finds nothing but praise over the company and its stock.
Then in the conclusionary paragraph says that FORD IS SELL! !!! SELL!!!!  TAKE PROFITS NOW!!!!!

uhm?  This writer didn't even want you to wait for the stock to make a new 52-week high!

And what was the reason that you should sell, take profits...sell sell sell sell???

Because it's High.

What's high?

Ford's Share Price..... It's High......I mean look at it.... It used to be in single digits.....

???????????????????????????????????

Ford used to be over $35.00 a share so don't tell me to sell and take profits in a stock that is still down more than 200% from its high!

*Sheesh*

Besides...  There is a *secret* to selling a stock or taking profits in a stock.  That secret is just simply checking the C.E.O. to see if he/she is confident about their companies future.

If a C.E.O. starts throwing up "Future is Murky" statements..... or. "Don't expect much growth."

Then uhm... No one is going to knock you for profit taking or abandoning ship here.

But, a DUNDER head ye be for abandoning ship when Alan Mullaly is excitedly jumping around and talking about India Expansion, Europe Expansion, China Expansion, etc.

Alan's got "Best has yet to come" written on his forhead in indellible ink.

7 Comments – Post Your Own

#1) On October 26, 2010 at 8:59 PM, FleaBagger (28.92) wrote:

Not down 200% from its highs.

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#2) On October 26, 2010 at 8:59 PM, FleaBagger (28.92) wrote:

Not down 200% from its highs.

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#3) On October 26, 2010 at 9:08 PM, Varchild2008 (83.79) wrote:

$36.57 April 1st 1999. Look it up. Granted... Scottrade only shows prices for the 1st of a month in long term charts like the 20 year chart.

Multiply $14  by 2  and you get  $28.    That's more than $8 below $36.57.... And $36.57 is not necessarilly the ultimate Closing Price High.... It is just what Scottrade has for 1st of month only pricing in a 20 year chart.

So what exactly is your point other than to repeat yourself here?

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#4) On October 26, 2010 at 9:15 PM, Varchild2008 (83.79) wrote:

$37.07  March 1st 1998

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#5) On October 26, 2010 at 9:19 PM, TMFBabo (100.00) wrote:

A stock can't go more than 100% below its high without going negative.  What you meant to say is that it's 61% below its high, which is substantial.

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#6) On October 26, 2010 at 10:48 PM, Valyooo (99.41) wrote:

Haha, I think the only way I would buy ford is if the stock price was negative. THAT would be a great entry price.

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#7) On October 28, 2010 at 4:36 PM, Varchild2008 (83.79) wrote:

No I mean a share price that doubles is up 100%.... One that triples would be 200%.  *sigh*

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