Selling cause it's high
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.
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