Ford’s at $4.72 right now, how much lower can it be expected to go?
If it somehow hits the $1 range again, I may just pour in my life savings… I need to win big!
I was expecting it to hit at least $4.25 on this particular pullback, but I’m not sure how the 300 million Ford share offering affects that since that was sold at $4.75. That’s why I covered my short this morning instead of waiting for the $4.45 limit order I placed a few days ago. A bird in the hand…
I now expect Ford to follow Chrysler and GM into bankruptcy. Foreclosures are once again heating up; commercial real estate is standing on a cliff; the government has thrown away TRILLIONS without providing significant stimulus; all the money the government is printing is destroying our currency; business still can’t get loans; and prices are going UP! Add to that the the socialists in power want to run the banks; healthcare; control the temperature of the earth; and drastically raise taxes and it is clear that the economy is going to fall apart.
Ford was stronger than Chrysler and GM and it will take them longer to fail, but they only have enough cash to make it to the end of 2009 or early 2010. Their time is running out!
Mike
I’ll have disaggree with you on the Ford bankrupty. I think they’ve gotten their debt under control to the point where they can stay afloat until things improve. Part of this equity offering was raise cash to build a “war chest”. I bought another 100 shares today for 4.86 @ 3:10 p.m. GO FORD! GO FORD! GO FORD!! … I want more of a pullback so I can buy some more… :biggrin
Ok… so im a total noob when it comes to the stock market… so this may be a dumb question, but…
I get on google finance, and it says the stock is around 1.64 right now…
You guys are talking in terms of $4+ a share… what am i missing?
Bingo Mike!!
I’m with you 100% on this one! Ford is a bad buy along with any other stock out there. Sorry FDJake, can’t see this one working out. This economy has only one way to go, down. The dollar is doomed.
The best you can do now is borrow in my opinion. Inflation rewards borrowers. I just took out a 50K loan from Penfed.org. They are running a special at 2.99% for life of the balance for credit cards right now. I took it. Cheap money.
John
So Mike in REAL MONEY terms…
You made…
Less than $700 on Ford!!! ($3.37 X200 shares):dance2 :banana :bouncemulti
I believe RichinCT has CRUSHED that rate of return with a simple BUY, HOLD, and take some profits from a PORTION of his LONG position.
And NO…Ford will NOT follow GM and Chrysler in bankruptcy.
Ford is controlled by the FORD FAMILY…They own what is known as SUPER SHARES…There is NO GM FAMILY…There is NO CHRYSLER FAMILY…The mechanics of any Ford bankruptcy would be COMPLETELY different than what is going on at GM and Chrysler…NOT HAPPENING. (and neither is the end of the USA)
Ford… JUST RAISED… $1.4 B I L L I O N D O L L A R S…THIS WEEK!!!
This took place during MIKES looming Commercial Real Estate collapse, it took place during the printing of money at a rate that will destroy the world, it took place while the EARTH WARMED!!! It took place while OBAMA danced around a burning VOO DOO doll of Dick Cheney, It took place as FEMA prepared the CONCENTRATION CAMPS we’re all going to move into soon!!! It took place during the planning of the over throw of our Goverment by people who went to a TEA PARTY (then went home) It took place as POLICEMEN went to work and arrested people. ( I know, Iknow, this will all stop as police everywhere wil start STEALING and ROBBING as our economy collapses) Hey…I hope they all decide to SQUAT in Mikes apartments!!!
Mike…congrats on your $700 profit!!!
But the big picture isn’t going your way…
March…Ford cuts it’s debt obligation in HALF because BOND HOLDERS agree to accept FORD STOCK in exchange for their BONDS.
April…Ford outsells TOYOTA for the first time in YEARS.
April…Ford becomes THE ONLY…Let me repeat this…THE ONLY…U.S car company to GAIN market share.
May…Ford raises $1.4 BILLION in ONE DAY through the sale of common stock.
Hoosier,
The symbol for Ford stock is the letter F. Check out this page: http://www.marketwatch.com/investing/stock/f
FDJAke,
It doesn’t matter whether the Ford family controls the company or not. Ford will be out of money by the end of the year or early 2010. I’ve said before that I only am in the stock market for a hobbby. I’m not trying to get rich in the stock market, just having fun. So, your constant criticism of anyone that isn’t trading hundreds of thousands of dollars at a time is getting old. At least I haven’t lost $40,000 on a bunch of QQQQ Puts that are about to expire worthless. I hope no-one shadowed you in that deal! LOL!
Furthermore, if you’re wrong about the Ford stock long term (and at this point, I’m betting you are), you are going to cause a lot of people here to lose all the money they’ve put in, not to mention that you’re going to lose hundreds of thousands of dollars.
Mike
OR…
MIKE…Believe this or not…
YOU COULD BE PROVED… W R O N G !!!
My moneys on MIKE being WRONG…Not only on FORD…But on…
The end of the world…
The health care system…
The collapse of this Country.
Oh and Mike…Lets not forget that other LOSER I mentioned here…GOODYEAR…Mike didn’t buy that one either…Went from $4/share to $13.00…IN ONE MONTH…Yep…another LOSER.
Mike will NOT see the BIGGEST ECONOMY ON THE PLANET collapse either.
Mike won’t see Police ROBBING civilians to FEED their families.
Mike won’t see FEMA CONCENTRATION CAMPS.
Mike probably won’t see a WHOLE LOT of what he talks about seeing in the future…
Mikes expecting a rerun of the 1930’s…things NEVER repeat the same way…People are now buying GUNS for a future that in all likelyhood, will never see those guns even FIRED, never mind used in a CIVIL WAR as Mike has predicted.
Mike…Get away from the LOSERS you rent to…Damn…If you constantly surround yourself with LOW LIFES…At some point…it starts to affect you. And believe me…IT’S AFFECTING YOU.
It’s NOT THAT BAD…Cripes get away for a while…Look on the BRIGHTSIDE…OF ANYTHING!!!..JUST ONCE!!!
There’s WAY, WAY, WAY TOO MUCH WEALTH in this country for any person, group, or plan to completely destroy it. If WE GO…The PLANET GOES with US…
NOT HAPPENING MIKE…We’re sitting on the edge of the GLOBAL INDUSTRIAL REVOLUTION!!! It’s the early 1900’s…But this time it’s the entire PLANET taking the ride!!
THINK FOLKS…THINK…Doesn’t it make complete CONTRARIAN SENSE that at the EXACT TIME bargains are EVERYWHERE AROUND US…People like Mike are too scared worrying about the WORLD ENDING to take advantage of it. This is what happens OVER and OVER through out history. When the worst is EXPECTED…It NEVER HAPPENS…If that was NOT true, then WHY did so many people get wiped OUT in 2008 when the market collapsed? And WHY wasn’t MIKE MAKING MILLIONS shorting stocks in AUGUST of 2008???
He’s seen this coming??? He KNOWS what’s gonna happen next…
And $700 is the best he can do???
Come on…
Yes, I could be wrong. That is certainly a possibility. I could be wrong on Ford and I could be wrong on the coming economic collapse. I don’t have a crystal ball, but I do have a pretty good track record of using common sense. The good thing is that we’ll know in a few months. If I’m right and Ford is forced to follow GM and Chrysler into bankruptcy, that will be evident. If Ford doesn’t file bankruptcy, I’ll be wrong.
BTW, the US is rapidly losing it’s status as the biggest economy on the planet to China. http://www.marketwatch.com/story/chinas-gdp-overtake-us-early
Mike
One problem with all those GDP numbers…
WE OWN CHINA…Don’t think so??? Most people just regurgitate what they HEAR others say, like…“CHINA NOW OWNS THE U.S.A.” because they bought our debt…That’s complete BULLSH*T. Here’s why…
CHINA…is EXACTLY like a U.S. BANK in 2005.
They BOUGHT and BOUGHT and BOUGHT debt (mortgages for banks/treasuries for China)…Just like the U.S. banks did with MORTGAGES. China couldn’t get enough…and NOW…the U.S. is a TROUBLED HOME OWNER…If the U.S. decides to do what THOUSANDS of HOMEOWNERS did and just WALK AWAY or NOT PAY???
CHINA IS DONE!!! THEY KNOW IT…and WE know it…and…THEY CAN’T EVICT US!!!
They lent our Goverment money by the BOATLOAD…Now THEY ARE ON THE HOOK…BIG TIME…
And one other TID BIT…
Where the hell do you think all that GDP generating “PRODUCT” is GOING MIKE???
It’s being SENT HERE…CHINA doesn’t CONSUME even a FRACTION of what they PRODUCE…
WE CONSUME IT FOR THEM!!!
WE GO…CHINA GOES…End of story!!!
It’s known as MUTUALLY ASSURED DESTRUCTION.
It kept NUCLEAR MISSLES from being launched for 50 years…It’ll keep ECONOMIC ARMAGEDDON at bay too. The alternative IS NOT an alternative!!
One more point on FORD…
Chrysler…IS DEAD…NOT BANKRUPT…DEAD
I’ll make this prediction right here and now…
FIAT + CHRYSLER = ONE DOG SH*T CAR COMPANY
FIAT’s reliabilty ratings in Europe are offically 23th out of 30. Their cars SUCKED when they sold them here in the 70’s…and apparently they still suck today.
NO ONE…NO ONE…is going to buy mini sized FIAT based Chryslers from a just out of bankruptcy car company with a DISASTEROUS reputation for reliabilty…DURING A RECESSION!!
F…fix
I…it
A…again
T…TONY
CHRYSLER will be sold off by FIAT piece by piece, line by line, and FIAT will make MONEY of the deal.
That leaves us with 2 American car companies…FORD and GM
GM has NO PRODUCT PIPELINE…NOTHING…NADA…ZERO.
Chrysler is the TEST CASE…The nuts and bolts of that bankruptcy will be tweaked when GM gets their day in court. GM’s bankruptcy will HURT…It’ll hurt STATES, BUSINESSES, PEOPLE, EVERYONE Involved.
That will leave a SOLE SURVIVOR…F O R D
NEVER took federal money.
INCREDIBLE FUTURE PRODUCT PIPELINE…(Automotive New’s words NOT mine)
IF…IF Ford looks like they won’t make it to an economic rebound???
The federal goverment in this case will do something it has done TWICE before with the OLD CHRYSLER CORP…Our Goverment will basicallt CO-SIGN any loans Ford may need to weather this storm. This will cost the tax payers NOTHING as long as Ford can survive long enough to see a rebound in car sales.
Remember…This is a MUCH leaner, much SMALLER Ford than it was just 4 years ago. NO MORE…Jaguar…Land Rover, Aston Martin…and soon, NO MORE VOLVO…Ford will be able to operate PROFITABLY on a FRACTION of what it needed just a few years ago…Couple this with HISTORIC concessions from UNIONS on everything from Health care to Pensions to flexible factorys and we are NOT talking about your fathers FORD MOTOR COMPANY!!!
OR…If your right…We’ll all be living in FEMA CONCENTRATION CAMPS by the time Ford turns around…Hey…I know…maybe I’ll be able to BRIBE a COP turned criminal with some Ford stock and he’ll let me and my family escape the FEMA camp!!! I’ll bury all the GUNS I’ve been buying nearby, hook up with the TEA PARTY people, start a new civil war and over throw the Goverment!!!
Ya know Mike…There’s just ONE PROBLEM with your view of the FUTURE…For as long as I’ve been here…You CONSTANTLY comment about how LAZY people in this country are…Well just TYPING that last paragraph made me tired…I can’t even IMAGINE the amount of ENERGY it’s gonna take to start all this UPHEAVAL…SO WHO’S GONNA DO ALL THIS REVOLUTIONING??? The lazy turds that rent from you??? The sub-prime borrowers??? The Hedge fund managers??? The car company executives??? That just it…IT’S TOO MUCH WORK!!! People want CHANGE…UNTIL THEY GET IT…Then they want the “GOOD OLE DAYS!!”
Ya know…If this wasn’t so INSANE it would actually be funny…But there’s people out there that REALLY believe the FEMA CAMPS…The end of the world is near…BUY YOUR GUNS NOW!!! and on and on…
FEMA Concentration Camps… :eyecrazy :eyecrazy :eyecrazy
I’ll have to admit that FDJAKE’s idea on Ford made sense to me. But it has also steered me into the direction of contrarian investing. I like the thought of buying stocks that are hated (and cheap) by investors during one end of a cycle and selling to those same investors on the other end when they love them. I’ve seen the phrase “Buy when everyone’s selling and sell when everyone’s buying”. I like that a lot.
FDJake,
Typing long, exhausting posts does not make you right. It is pointless to continually argue over what is going to happen. I’ve clearly stated what I believe will happen (Ford will run out of money in late 2009 or early 2010 and will be forced into bankruptcy). That will result in the shareholder’s common stock being wiped out, which is what’s important to people on this forum who have followed you into this long term hold.
That doesn’t mean that Ford won’t be the best American car company long term (if any of them survive long term). However, the question that is important when you’re talking about Ford’s stock price isn’t who has the best pipeline of cars or who is going to be the best car company in five years, the question is whether Ford will run out of money and file bankruptcy. The Obama administration won’t be able politically to put Chrysler and GM through bankruptcy and then let Ford slide. Even if they did, that would put Ford at a competitive disadvantage. When all your competitors dump their debt in bankruptcy and you keep yours - that puts you at a disadvantage.
Although you like Obama FDJake, he doesn’t like you. You’re one of those greedy speculators that he despises. He would like nothing better than to put Ford through bankruptcy; wipe out the shareholder’s equity and teach you greedy speculators a lesson!
Mike
What happens to those people if they listen to YOU Mike???
YOU WILL HAVE COST THOSE FOLKS THOUSAND$ and THOUSAND$ in PROFITS they could have had!!! What will YOU do if someone here sells their stake in Ford for $4.00 (like you did) and then WATCHES as the stock goes to $30??? What happens THEN Mike??? YOU told them it wasn;t a good investment…THEY LISTENED…You COST THEM MONEY!!
Mike…We know you think the USA is finished, Obama sucks, everyone who ever took a CENT of Goverment help is a lazy LOSER, and we’re all gonna be living in FEMA concentration camps soon…Let me ask you a question??? When you read a sentence like that does it sound wacked out to YOU??? It sure as hell does to ME.
Mike…You posted a link to CHINESE GDP numbers. I explained why I didn’t think those numbers were anything earth shattering. I went into detail as to why…
Your response???
It was long…:banghead :banghead :banghead
You’re right though…In the end NO ONE knows how this will go…ME…YOU…even FORD. I’ve placed my bet…you all know where I stand.
No matter what the outcome it WILL be interesting. My guess is PROFITABLE TOO!!!
Oh…and I had a feeling that BUSH didn’t like me either!!! But Dick Cheney did… and we all know HE really ran the country so I was good!!!
What happens to those people if they listen to YOU Mike???? If I AM RIGHT and anyone reading YOUR COMMENTS stays away from FORD because they buy into your "the USA is coming to an end scenerio"
If I am correct and Ford files for bankruptcy, then they would have kept their hard earned money and hopefully invested it in something that makes money. I have never said the “USA is coming to an end” - that’s just one of your dramatic exaggerations.
As to your comments about China. I think you’re completely off base. China is awakening. While they have been dependent of the US in the past, that will not be true in the future. The American consumer will not be returning to his previous level of spending as he’s currently tapped out from decades of overspending. Obama is planning to tax the average American into oblivion. There is an increasing portion of our population that is too lazy to work and Obama wants the taxpayer to support these deadbeats. The US population is aging and the money for medicare and social security is MIA. It’s time to pay the piper and that leaves very little for the average American to spend! America is rapidly moving to socialism and socialism is VERY INEFFICIENT! Our standard of living is headed down, while China’s standard of living is moving up. The best days of the USA are in the rear view mirror!
Mike
Or…They lsiten to ME and MAKE MONEY!!! LOT’S of IT!!! We’ll see who wins this one Mike!
Here’s another thought…If things SUCK so bad here…
MOVE TO CHINA…NOW!!!
They’ll let you SHOOT tenants that don’t pay!!! (If they even let you OWN a building)
All the lead paint you and your kids can EAT!!!
FREE SMOG MASKS!!!
LOT’s of BIKE RIDING!!!
FANCY factory job if the landlording doesn’t fly in communist society!!!
MELAMINE!!! YUMMY…Goes great with RICE and baby formula!!!
Don’t let the DOOR hit you in the @ss on the way out!!!
Mike…maybe it’s OHIO…You need a change of scenery my friend. Everything I read about that State is BAD…It’s starting to rub off on you man…Seriously.
China isn’t the answer…That’s a house of cards too…Wait…just WAIT…China has GIGANTIC problems facing it…Problems that make ours look like a JOKE…Problems like providing FOOD and WATER to OVER ONE BILLION people. You think OUR citizens are PISSED OFF??? Try shutting the FOOD and WATER off on ONE BILLION PEOPLE and watch what happens!!! These people at one time provided that for THEMSELVES…China took them OFF the farms and put them in FACTORIES…NOW they have to FEED them, shelter them, provide medical care, and JOBS…Sound familiar???
As I’ve said before…NOTHING ever turns out like we plan…Everyone thinks CHINA has got it all figured out…WATCH. The foundation there ALREADY has cracks and the concrete isn’t even dry!!!
MIKE....Here's a thought.....If things SUCK so bad here......MOVE TO CHINA…NOW!!!
Always drama!
They'll let you SHOOT tenants that don't pay!!! (If they even let you OWN a building)
I wouldn’t shoot them, just throw the deadbeats in prison (on bread and water).
All the lead paint you and your kids can EAT!!!
When I was growing up, parents were smart enough to know that kids shouldn’t eat the paint! Of course, now we need the government to tell us these things (that used to be common sense). If that isn’t proof positive that the US has its best days in the past, I don’t know what is!!!
If it's that bad...............Don't let the DOOR hit you in the @ss on the way out!!!!!
I don’t run away when things get bad - that’s strictly a leftist phenomenon. I will be here to help shape the future after the collapse! Given enough time, we might actually be able to rebuild a better America!
Mike
I REALLY think your better off in China Mike…
Politically it suits your personality!!!
Oh and for the record…Kids get lead paint poisoning from putting their fingers in their mouths (they don’t have to actually EAT the paint, but some do try and eat a nice looking “CHIP”) They also get it from simply PLAYING in a back yard that has old paint clips ground into the soil. Kids, even with GREAT parents, have been known to put their fingers in their MOUTHS!!! I know this is outragous behavior and the parents should be jailed, but it does happen. These things create high lead levels in children. It has NOTHING to do with PARENTING. People who PURCHASED old homes years ago learned that their children were being POISONED in their own homes. NOT TENANTS Mike…HOME OWNERS…But lets blame them all anyway…That’s the CHINESE WAY!!! I think you could go places there Mike!!! REALLY!!
In CHINA…You’ll be able to paint all your rentals with lead paint. In fact… they’re sending it over RIGHT NOW on the TOYS we buy from them!!! My son’s cub scout pack had to return the medals they all received because they had OUTRAGOUSLY high lead paint levels…ALL MADE IN CHINA…
Mike…with your patience and people skills YOU COULD RUN A FACTORY THERE!!!
Man, this is gettin’ a little heated! I want to point out that everyone is responsible for their own investments. If people lose money on this Ford investment, they have only themselves to blame.
Oh and for the record.......Kids get lead paint poisoning from putting their fingers in their mouths (they don't have to actually EAT the paint, but some do try and eat a nice looking "CHIP") They also get it from simply PLAYING in a back yard that has old paint clips ground into the soil. Kids, even with GREAT parents, have been known to put their fingers in their MOUTHS!!!
It’s amazing that any of today’s adults actually survived. Almost every middle aged person in America today grew up in a house that contained lead paint!
My son's cub scout pack had to return the medals they all received because they had OUTRAGOUSLY high lead paint levels....ALL MADE IN CHINA.....
Maybe the scout leader (or Obama himself) needed to remind the scouts not to eat their medals! LOL! Maybe they know not to eat the medals in China.
Mike
I’m just tired of listening to this BS…
LOVE IT OR LEAVE IT!!!
If this country sucks so bad and it’s citizens are worthless, lazy, losers who don’t want to work…
JUST GET THE F**K OUT!!!
Where’s this REVOLUTION COMING FROM???
From all the LAZY AMERICANS who have spent everything they have that Mike constantly whines about??
Give me a friggin’ break.
WAKE UP…YOUR AN AMERICAN…APPRECIATE the fact that the ONLY reason ANY OF US (with the exception of FULL BLOODED Native Americans) are even here is…
We were LUCKY enough to have parents the REPRODUCED IN THIS CORNER of the PLANET!!! That’s it!!! It’s called the LUCKY SPERM THEORY!! Your one of them!!! APPRECIATE IT!!!
That’s it…You want to bitch…Pack your freakin bags, head to CHINA for a year, then come back an tell us how much this country SUCKS!!!
Grow up…Your the luckiest person on the face of the PLANET…Stop your bitching.