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Just Bought Ford At $8.30  
User currently offlineAerospaceFan From , joined Dec 1969, posts, RR:
Posted (8 years 6 months 2 weeks 1 day 9 hours ago) and read 1384 times:

Ford is in big trouble against Toyota, etc., but so are other U.S. auto companies. I decided yesterday to buy Ford at its current market price, and the order was executed today.

Hell, who knows? It may go down. It may file for bankruptcy. But historically, Ford has sold at much higher stock prices. So, I'm taking a calculated risk. Not a lot of dough is involved, but enough to make it interesting.  

[Edited 2006-02-15 16:26:55]

15 replies: All unread, jump to last
 
User currently offlineJamesbuk From United Kingdom, joined May 2005, 3968 posts, RR: 4
Reply 1, posted (8 years 6 months 2 weeks 1 day 9 hours ago) and read 1375 times:

Huh?!?!


Rgds --James--



You cant have your cake and eat it... What the hells the point in having it then!!!
User currently offlineMattRB From Canada, joined Apr 2005, 1624 posts, RR: 9
Reply 2, posted (8 years 6 months 2 weeks 1 day 9 hours ago) and read 1371 times:

Ouch. You'd be better off investing in JNJ, PG & CL.. much more stable over the long run and they're solid dividend paying stocks.


Aviation is proof that given, the will, we have the capacity to achieve the impossible.
User currently offlineAerospaceFan From , joined Dec 1969, posts, RR:
Reply 3, posted (8 years 6 months 2 weeks 1 day 9 hours ago) and read 1371 times:

Quoting MattRB (Reply 2):
Ouch. You'd be better off investing in JNJ, PG & CL.. much more stable over the long run and they're solid dividend paying stocks.

I'm pleased to say that all my stocks did well yesterday (good day for Wall Street) except one -- a start-up energy stock.

I'm willing to lose all of my Ford investments based on the odds. Ford is a mainline company and I think it will survive. Hope, that is.

I also own Boeing -- owned it since it was low, and now it's at a pretty damn good price.  

As far as the range of stocks I own, I basically create my own mutual fund -- I diversify across various industries, from energy to aerospace to software to medical.

Thinking about selling Pfizer, for example.

[Edited 2006-02-15 16:34:13]

User currently offlineAvObserver From United States of America, joined Apr 2002, 2470 posts, RR: 9
Reply 4, posted (8 years 6 months 2 weeks 23 hours ago) and read 1335 times:

Ford isn't dead yet and is making painful but necessary decisions to survive. I believe they're doing all they can do; hopefully, the UAW will mostly cooperate. Can't say it'll be enough, given U.S. car buyers over-infatuation with foreign brands but I think Ford has a fighting chance to make it, albeit as a smaller player than before.

User currently offlineAerospaceFan From , joined Dec 1969, posts, RR:
Reply 5, posted (8 years 6 months 2 weeks 22 hours ago) and read 1311 times:

Quoting AvObserver (Reply 4):
Can't say it'll be enough, given U.S. car buyers over-infatuation with foreign brands but I think Ford has a fighting chance to make it, albeit as a smaller player than before.

My understanding is that Ford and certain other automotive companies are doing a lot better overseas than here.

I want to show my pride in American-made products, so that's part of my justification for purchasing Ford. Sadly, I do realize that many of these products, even from American companies, are actually substantially made in foreign countries. That's not that good from a labor point of view.

In fact, I'm going to be placing another order for a small purchase of Ford very soon.


User currently offlineAeroWesty From United States of America, joined Oct 2004, 20534 posts, RR: 62
Reply 6, posted (8 years 6 months 2 weeks 21 hours ago) and read 1289 times:

Just out of curiosity, could you look on your trade confirmation to see where the trade was executed? It'll either list an exchange (usually by a code letter or number) if it was done as a broker trade or indicate it was crossed in-house as a principaled trade. I'd also be interested if you went through a traditional or discount broker. (No need to specify which one, or give out any personal details--as a former licensed 7 I keep track every now and then how trades are being done these days by different houses.)


International Homo of Mystery
User currently offlineAerospaceFan From , joined Dec 1969, posts, RR:
Reply 7, posted (8 years 6 months 2 weeks 20 hours ago) and read 1283 times:

Quoting AeroWesty (Reply 6):
It'll either list an exchange (usually by a code letter or number) if it was done as a broker trade or indicate it was crossed in-house as a principaled trade. I'd also be interested if you went through a traditional or discount broker.

Market is "Other U.S. Registered" -- that is, other than NYSE, Chicago Board, ASE, and a number of others.

It's an agented trade, as far as I can tell.

And I used a discount broker. Hell, I can do my own research these days.

This was from a trade on the 14th for the first part of the Ford buy. (By far the larger part was executed today. I don't have the trade confirmation info for today's.)

[Edited 2006-02-16 04:54:38]

User currently offlineAeroWesty From United States of America, joined Oct 2004, 20534 posts, RR: 62
Reply 8, posted (8 years 6 months 2 weeks 20 hours ago) and read 1281 times:

Quoting AerospaceFan (Reply 7):
It's an agented trade

Interesting, thanks. Looks like they sold it to you out of their own inventory (not an uncommon thing these days at discount brokers).



International Homo of Mystery
User currently offlineAerospaceFan From , joined Dec 1969, posts, RR:
Reply 9, posted (8 years 6 months 2 weeks 20 hours ago) and read 1275 times:

Quoting AeroWesty (Reply 8):
Interesting, thanks. Looks like they sold it to you out of their own inventory (not an uncommon thing these days at discount brokers).

No prob. I have a number of brokerages I use. One has real-time streaming basically free at my level, which is always fun to watch.


User currently offlineAeroWesty From United States of America, joined Oct 2004, 20534 posts, RR: 62
Reply 10, posted (8 years 6 months 2 weeks 20 hours ago) and read 1272 times:

Quoting AerospaceFan (Reply 9):
I have a number of brokerages I use.

I could never do that, it dilutes my cumulative margin! LOL



International Homo of Mystery
User currently offlineComorin From United States of America, joined May 2005, 4896 posts, RR: 16
Reply 11, posted (8 years 6 months 1 week 6 days 19 hours ago) and read 1211 times:

I wish you the best with your Ford stock!

Not to be a Wisenheimer, but here are some thoughts:

1. You bought a stock at a market clearing price of $8.30, so the probability of it going up or down is 50% (at equilibrium).
2. You also bought a downward trending stock, so your trading hypothesis is that any stock trading below its historical mean will eventually regress upwards.
3. You are taking a lot of risk (I'm willing to lose all my Ford investments given the odds") in the long-shot hope that you will make a killing. This is part of a speculative, not an investment portfolio.
4. You are not investing in Ford, but in secondary market paper that trades in a sliver of ownership in exchange for any claims on the company's assets.
5. As an individual investor, you are holding an unhedged position, and took on considerable risk. While not helping Ford in any way, you are certainly helping the portfolio managers of the world with your risk appetite. Most portfolio managers will have less risk and higher total returns in their Ford holdings, using Credit Default Swaps and possibly owning Ford debt at attractive yields.
6. You want to help Ford? buy a car, not their stock.

Everytime I get an irrational impulse to buy stock, I support Boeing and GE and buy a ticket to the Caribbean, ensuring a great return on my investment!

All said and done, I do wish you much success.


User currently offlineDfwRevolution From United States of America, joined Jan 2010, 968 posts, RR: 51
Reply 12, posted (8 years 6 months 1 week 6 days 18 hours ago) and read 1211 times:

Quoting AerospaceFan (Thread starter):
. But historically, Ford has sold at much higher stock prices. So, I'm taking a calculated risk.

Well... that's the thing about penny stocks, you can either win big or just lose some.

A good investments these days is the I Savings bond. You can purchase a bond at almost any increment. You are garunteed the principle investment no matter what and can cash your money at any time. You are protected from inflation, and interest rates right now are around 6.9%, you can withdraw the interest after five years, or let them accrue through 30 years.

Invest $3,000 now and you'll have $12,000 in twenty years.


User currently offlineAerospaceFan From , joined Dec 1969, posts, RR:
Reply 13, posted (8 years 6 months 1 week 6 days 8 hours ago) and read 1205 times:

Well, you know, I have a conventional view of investing.

User currently offlineCasInterest From United States of America, joined Feb 2005, 4587 posts, RR: 2
Reply 14, posted (8 years 6 months 1 week 6 days 7 hours ago) and read 1194 times:

Hmm, I tried Ford awhile back, and they lost me money. i am not ready to jump on GM or Ford until I see a lot of improvement in quality, mileage, and image. I wish you good luck as 8.30 seems like a good in price.

My best move so far in the last 2 months was moving into Best Buy after they got downgraded and went to 43in December. They are currently in the 54+ range. Nice return on investment. Anyone got suggestions for my next stock candidate?



Older than I just was ,and younger than I will soo be.
User currently offlineAerospaceFan From , joined Dec 1969, posts, RR:
Reply 15, posted (8 years 6 months 1 week 6 days 7 hours ago) and read 1188 times:

Quoting CasInterest (Reply 14):
Hmm, I tried Ford awhile back, and they lost me money. i am not ready to jump on GM or Ford until I see a lot of improvement in quality, mileage, and image. I wish you good luck as 8.30 seems like a good in price.

Of the two remaining U.S. auto companies (as I no longer consider Chrysler to be fully American, since it is owned by a German firm), I believe that Ford has demonstrated a recent change in leadership that has the potential to shake things up. Ford recently laid off a number of workers and its current leadership was written up in TIME to some positive effect, in my view.

Lay-offs are not good news for labor. However, it does indicate, in my experience, that Wall Street will be looking at Ford with renewed interest. I have always believed, as well, that Ford's international position has been relatively secure.

Regarding your question, regrettably I am not in a position to give stock tips in this Forum, but I hope that you will review company fundamentals and reasonable prospects and invest wisely on that basis.

I bought Boeing when it was about 60% of its current price, and I haven't looked back.

[Edited 2006-02-17 18:23:05]

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