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Waiting on Ford to Pull Back

January 21st, 2007 by admin in: Investing, Stock Thoughts
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Man, if I would have bought Ford (F: Chart, web, Y!) when I first mentioned it I would have been up 15% in just a few short weeks.

I still like the outlook and I think if anyone can turn things around for the auto maker, Alan Mullaly is the guy, but I’d like to see the price pull back a little before I buy in.

The stochastics are looking a bit heavy, and I think a correction to around $8.00 wouldn’t be unrealistic, and in fact would be healthy for the stock. If that happens, I’ll start buying some shares.

Ford Chart


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One Comment

  1. The Corner Office Blog - An entrepreneurs thoughts on business, personal finance and investing. » Blog Archive » Ford Focus
    January 24th, 2007 at 10:29 pm

    […] I’ve been waiting for a pull back in the stock for the last week or so, and until yesterday couldn’t find one. Todays trading compounded the affects of a slight retreat, and I have a feeling the earnings report out tomorrow won’t have a gentle effect. That said, an anticipated poor earnings report could pose a sell off, but the direction of the stock will lie in the anticipation of the future. […]

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