Missed the Boat on Ford
So I missed my opportunity to buy back into Ford (F: chart, web, Y!) last week, as the intraday price dropped below my $2.50 target twice, but never closed below that value. The stock has since traded up significantly and closed the week at $3.25 per share.
I’m still interested in trading Ford, and still have a bullish stance on the long term prospects.
That said, there will be some significant hurdles the company must contend with, many of which are out of the companies control. The potential bankruptcy of GM and Chrysler may weigh negatively on the company, as labor contracts are forcibly renegotiated along with vendor agreements. All of which will place competitive pressure on Ford who’s managed to keep their hands out of the government cookie jar, and bankruptcy to boot.


I think you’ll get your chance at F again. You might want to take a look at F-PS (Ford Motor Cap Trust II) rather than F (common shares).