Propertymanager,
Darn, it was just starting to get fun! Those 2 guys were out in the cyberspace parking lot with their fists up! YAHOO, FIGHT FIGHT FIGHT!
Hey, you two–Rookie and FDJake, everyone enjoys your posts. Don’t waste all that energy on each other. There are plenty of us others you can educate.
Furnishedowner
caught the whole “food fight”…
funny thing is…both have great strategies…just completely different time horizons, (minutes vs. years).
-Mike
Most of us couldn’t do the minutes thing, it’s a viable strategy just not for majority. As far as I’m concerned the potential to make a few hundred percent over 2-3 years is pretty damn good and for that reason an undervalued stock with a decent upside over that time frame is perfect for me.
On the flipside to that, what makes you ‘think’ a stock is going up a few hundred percent in those 2-3 years? When you day trade, you have your profits locked in. If you don’t profit from a trade, you move on. You get to sleep at night. You won’t make 100% off of a single trade–although I have made +100% on a trade intraday with options, it isn’t typical–but, your small gains add up over time and consistency is key. It takes more work than the ‘set it and forget it’ method, but it works for many.
Well put Chris…couldn’t have said it better myself.
Compounding…basket trades for managing a larger and larger sum…
Couldn’t get me to go back to buy and hope.
-Mike
How many normal people that aren’t professional traders can really day trade properly? If it was super easy everyone would be rich. Plus the bulk of us can’t sit in front of our computers looking for small trends to buy and sell a few hours later on. Sure we can setup automatic execution of trades with limits but what happens if you buy XYZ at $5, set a trade to dump it at $6 and it plummets to $2 while you are busy with your job, family, etc.
Making a trade based on how Ford has done over time, historically what has happened after previous recessions, the fact that they have a bunch of good cars coming out, the quality of the current CEO, etc is what makes this stock look appealing. It’s a common sense trade…not a watching the ticker for a blip one way or the other trying to guess the direction for 2 hrs. Ford is a no-brainer, providing the company doesn’t go out of business there is no way this stock won’t go from its current level of ~$2 to $4. And that is me being conservative, I think it will be much more. Point I’m trying to make is even with a conservative figure its 100% up in a short time frame. If that money was parked in a mutual fund would it do that well? Hell no, especially if the fund is stupid and invests in Madoff/Standford type schemes. And you can’t tell me that didn’t happen…a lot.
Some good reading about debt restructuring: http://www.time.com/time/business/article/0,8599,1883276,00.html
I think with a little bit of restructuring and a helping hand from Uncle Sam they will get through this just fine and come out on the other side stronger than ever.
What’s your idea of a ‘short’ time frame? Time is money as you are well aware. There are PLENTY better companies out there that WON’T go bankrupt to get long with. I’m not saying the risk/ reward isn’t worth it, but it certainly isn’t a no-brainer and certainly isn’t a guarantee by any stretch.
Jake, Rookie…enough.
If it isn’t specifically relating to investing in Ford please leave it at the door. The smack talk and name calling is really getting old and does not teach anyone anything. Anything that has to be read to get to the real info is a waste of time.
This car is going to bring about the Ford revolution in the US: http://www.fordvehicles.com/2011fiesta/
Good news for Ford in the quest to reduce debt: http://money.cnn.com/news/newsfeeds/articles/djf500/200903230951DOWJONESDJONLINE000304_FORTUNE5.htm
I’m down on F so far but hanging in there.
[quote author=fdjake link=topic=35990.msg190225#msg190225 date=1226934568]
11/17/2008…Goodyear…20,000 shares purchased at $5.44/share!!!
You missed this one GENIUS.
GOODYEAR TODAY…$9.80
Like I said…
Stick with MORTGAGES…It’s a LOT easier.