Ford is on fire

[boomerbust]

52 week low 1.01 a share
Trading right now at 7.92 a share
To all you Obama nay sayers out there, instead of bashing Obama you should have been listening to him in regards to the direction he was going to take this nation. Ford might still be a good buy at 8 dollars a share.

[ingac70]

1. Yeay!

So glad I bought it at $1.60 a share! :bounce:

[proud2BlibKansan]

13. Beat you by a dime

LOL

[HiFructosePronSyrup]

2. It's probably just one of his big fancy corporatist tricks!

All that tumultuous voodoo of his!

:crazy:

[tridim]

3. Call it a hunch, but it seems to me that the REAL economy is starting to percolate

Something seemed to change during this past week, and it's more than just stock prices.

I know, I know, it's not cool to be optimistic on DU, but I can't help it. :)

[Tuesday Afternoon]

5. what changed.....? attitudes....?

[Warren Stupidity]

7. cash for clunkers is working

it is not clear that the rest of the economy will follow Detroit. Also, what happens when CFC taps out?

[BlooInBloo]

12. C4C isn't tapping out.

[Tuesday Afternoon]

14. exactly....

I think (and hope and pray I am wrong) we are seeing the economy ball doing a small bounce on the floor of the economy as it comes slowly to a stop.

[Bleacher Creature]

20. I think the technical term is "dead cat bounce".

No idea where that came from.

And yes, I hope you are wrong, but fear that you are right.

[Tuesday Afternoon]

25. ty for that: "dead cat bounce" I have learned a new term --

A dead cat bounce is a figurative term used by traders in the finance industry to describe a pattern wherein a spectacular decline in the price of a stock is immediately followed by a moderate and temporary rise before resuming its downward movement, with the connotation that the rise was not an indication of improving circumstances in the fundamentals of the stock. It is derived from the notion that "even a dead cat will bounce if it falls from a great height".

The phrase has been used on the trading floors for many years. However the earliest recorded use of the phrase dates from 1985 when the Singaporean and Malaysian stock markets bounced back after a hard fall during the recession of that year. Journalist Christopher Sherwell of the Financial Times reported a stock broker as saying the market rise was a "dead cat bounce". It has also been used in reference to political polling numbers.<1>

The reasons for such a bounce can be technical, as investors may have standing orders to buy shorted stocks if they fall below a certain level or to cover certain option positions. Once those limits are reached, the buy orders are activated and the sudden rise in demand causes the price of the stock to rise as well. The bounce may also be the result of speculation. Since bounces often occur, traders buy into what they hope is the bottom of the market, expecting a bounce and thereby reaping a quick profit. Thus, the very act of anticipating a bounce can create and magnify it.

A market rise after a sharp fall can only really be seen to be a "dead cat bounce" with the benefit of hindsight. If the stock starts to fall again in the following days and weeks, then it was a true dead cat bounce. If the market starts to climb again after the first short bounce, then the continued rise in price action would be considered a trend reversal and not a dead cat bounce. Since this distinction only becomes obvious in hindsight, the evaluation may vary depending upon the initial and final points of reference.

from wiki: http://en.wikipedia.org/wiki/Dead_cat_bounce

[AllentownJake]

49. My thinking as well

Ford has benefited by GM and Chrysler going bankrupt and people not knowing where to buy.

I know this because my mother just recently bought a car and I fill in for my dad when she buys a car now.

The Ford guys told me as such.

[tridim]

23. Well, as far as I know gravity doesn't affect the economy like it does a bouncing ball..

But people buying lots of new cars does. WE are the kinetic energy.

I'm still stunned how well the CFC program worked, I didn't expect that at all.

[AllentownJake]

50. Dead Cat Bounce is a wall street term

not a gravity term.

Ford is benefiting from GM and Chrysler's trouble. See my post above.

[tridim]

53. Yea, I know that.. My point is the real economy has nothing to do with Wall Street

At least it doesn't any more thanks to 8 years of Bushonomics.

This recovery will be driven and sustained by the people, not Wall Street. Fuck 'em.

[Wickerman]

4. he is the anti-bush

King Midas in reverse, reversed.

[Romulox]

6. No offense, but I don't see where Obama gets credit for Ford's success

Ford has been "on the right track" since they brought on Alan Mulally back in 2006.

[boomerbust]

9. Maybe

But I think he should get a little credit. If he would have followed the Conservative line to liquidate GM and Chrysler, Ford would have been next in line.

[Romulox]

15. No, Ford would've likely gained market share if Chrysler or GM folded...

"If he would have followed the Conservative line to liquidate GM and Chrysler, Ford would have been next in line."

No, this is mistaken. Obama's handling of the auto industry is not seen as either principled or successful here in metro-Detroit. It's seen as hypocritical in light of his treatment of Wall Street.

[ingac70]

16. Wrong.

I worked there until '07, and luck and circumstances for other car makers is what is helping Ford.

[HamdenRice]

18. Both Obama and Bernanke deserve LOTS of credit for this

Even though Ford was in a better position than GM or Chrysler, as a result of the financial crisis, there was a point at which there were virtually zero car loans being made available. The auto finance companies could not sell commercial paper or bundled auto loans, which meant they could not provide financing for buyers.

Ford was poised to follow the other two simply because the only way to buy cars would have been with cash.

The combined effect of the stimulus, cash for clunkers and the rescue of the auto finance market helped save Ford.

[Romulox]

24. If you believe that, then you should be thanking George W. Bush

for Ford's success, not President Obama. :hi:

[madokie]

26. fuk that

it was FDR and you know it :-) Actually ford is where they are because they make some good business decision plus they build one hell of a good vehicle, cars and trucks. I'll put a ford built vehicle up against any foreign make and I'll come out on top.

[Romulox]

29. The bigger point is that Obama has made no change to Bush era trade policy

Nor has he been kind to Detroit when compared to the largesse he's heaped upon Wall Street.

[madokie]

31. The best I remember it was the money causing the problem in the first place

ford was already building a good vehicle just no one was able to buy. That's the bigger point Actually.

[Romulox]

37. Ford is harmed by our country's one way "free trade" agreements, just like GM, Chrysler

"That's the bigger point Actually."

Don't know what the significance of the capitalization is, but President Obama is a dedicated "free trader" (except as to Wall Street, which he feels should be taxpayer subsidized.)

[HamdenRice]

44. I thanked Barnanke, who carried this out during the last months of Bush

But Bush had nothing to do with it. It was a Fed program.

[Romulox]

45. And How'd Bernanke get the job? "nothing to do with it" indeed!

:silly:

[HamdenRice]

57. But, but, but ... I thought the Fed was actually teh private bank!!11!1

You wouldn't have been one of DU's Ron Paul crazies who has alleged that the Fed is actually a disguised private bank over which the government has no influence, would you?

The hallmark of political craziness is the holding of completely contradictory beliefs so long as they fit into one's warped, ideologically driven world view.

[madokie]

30. No doubt about that

President Obama and company are directly responsible for this, not saying they are the only ones mind you but without the stimulus it wasn't looking very good for anyone out here. We have a young Wise Man at the helm now and it'd be better for everyone if most of us got on the wagon. I guarantee that he can't be everything to everyone but he can and does be everything to our country. And that is what matters most. :hi: HR

[Union Yes]

8. Some, like me, view the stock market as the greatest ponzi scheme ever inflicted on humanity.

Wall Street and Corporate America spend billions lobbying to crush unions and the concept of a living wage.

They use their stock price as leverage to undermine the working man/woman.

FUCK THE STOCK MARKET, FUCK EVERYTHING THAT IT STANDS FOR!

[doc03]

10. It can be credited to Rush

Limbaugh he called for his listeners to boycott GM and Chrysler. :sarcasm:

[Union Yes]

17. What the idiot Limpballs forgets, Ford is UAW represented as well as GM, Chrysler.

Much of limpy's call to boycott was based on the fact the GM and Chrysler are UAW. Limpy hates unions and union workers.


And when I say hate, I mean seething hatred with a capitol H.

[safeinOhio]

22. Every time the market dropped 50 points

Limbaugh says it is because or Obama. Never says a damn thing when it goes up.

Bought in at $1.82
Looks like a lot of savy DUers

My brother with 2 MBAs sold everything and got out of the market when I bought my shares. Then he bought back in 2 months ago. I asked him if you have to go to a fancy college to know when to sell at the lowest and buy back in when it goes higher. Good thing he has a sense of humor.

[proud2BlibKansan]

11. I have made a bundle

Bought 1000 shares back in November for $1.50 a share. :woohoo:

Sure wish I had bought more.

[doc03]

19. The talking heads on CNBC have been talking

of a much greater recovery than expected in Q3 and Q4.

[JackDragna]

21. Do you think the grand casino is the best barometer of the nation?

Seriously. The market has, in the past, tended to go up when unemployment is high. Stocks also go higher when corporations do such nice things as gut their employment rolls and cut spending for "useless" things like research and development. Can we please wean ourselves off of the idea that what is good for stock prices is good for the country?

[pampango]

43. Since 1998 as stock market and unemployment rate tend to go in opposite directions.

http://seekingalpha.com/article/94300-unemployment-rates-recession-periods-and-stock-market-prices

The correlation is not perfect (I'm not sure any one thing correlates with stock prices), but the trends of stock prices and unemployment rates in opposite directions are easy to see. I didn't find charts to compare going back before 1998, but in the Depression and the 1970's unemployment was high and stock prices were low. In the 1960's and 1990's unemployment was low and stock prices rising.

If you have information that shows that "(t)he market has, in the past, tended to go up when unemployment is high. Stocks also go higher when corporations do such nice things as gut their employment rolls and cut spending for "useless" things like research and development", I'd be interested to see it. It's hard to imagine a company's stock price going up long term if it fires most of its employees and doesn't do any R and D. It might survive for a while but not long.

[madrchsod]

27. obama did`t have to bankrupt ford because ford had lots of cash.

ford was`t forced by the government to get rid of dealerships. the guy that runs ford knows what the hell he`s doing. obama`s crew did`t.

[Beetwasher]

28. Huh? Why Is It At $1.56 on Sharebuilder???? Down .02

Where are you seeing it at 7.92???

[A HERETIC I AM]

35. Yahoo finance link;

http://finance.yahoo.com/q?s=f

Marketwatch.com link;
http://www.marketwatch.com/investing/stock/f

Sharebuilder.com;
http://www.sharebuilder.com/

Type "F" in the "Get Quote" section. They have it at the same level the above links do. (give or take their respective reporting delays)

[Beetwasher]

38. Ahh! I Was Looking At The Wrong Symbol

Got it, thanks!

[A HERETIC I AM]

40. No prob. n/t

[inwiththenew]

32. I was going to buy a 1000 shares back when it was around $1.50

And I didn't. I have been kicking myself ever since, especially since a couple friends and family members did buy in at that price. My thinking at that time was to play it safe and hold on to more cash than I normally do. Great idea that was. Oh well as they say "Fortune favors the bold".

[conscious evolution]

33. I'm gonna call my broker and buy a million shares

right fucking now!!!
I'm gonna be rich!!!!!!!!!!





























Can anyone here lend me $8,000,000?

[Beetwasher]

34. CAN ANYONE PROVIDE EVIDENCE IT'S AT THIS PRICE????

Every quote I see it's still under $2.

[conscious evolution]

36. In that case I'll buy 4 million shares

I'm gonna be even richer than god when its all over.

[A HERETIC I AM]

39. Where are you looking?

http://www.marketwatch.com/investing/stock/f

All the quote engines I've looked at have it at or above $7.85

[Beetwasher]

41. Yeah, Got It Now

It's "F" not "FORD".

[A HERETIC I AM]

42. LOL...yup. FORD is "Forward Industries", a NASDAQ listing

and they are indeed at $1.58

[Beetwasher]

46. D'OH!!

n/t

[Cessna Invesco Palin]

47. Uh, Yahoo Finance?

Last trade was at 7.81. It's not like this is a state secret. This is freely available information.

[Beetwasher]

48. There Was No Link In The OP

Read my other posts, I looked at the wrong symbol, made a mistake. Human and all, ya know? Maybe you take everyone's word at face value on the internet. Me, I like to check things out first.

[Cessna Invesco Palin]

52. My apologies. n/t

[AllentownJake]

51. My theory is GM and Chrysler

Ford made the smart move and did not take the bankruptcy option.

As such when GM and Chrysler were having problems Ford moved in on their market share for people looking to buy from an American company.

The same number of cars were purchased just one supplier benefited the most.

At 8 dollars I'd hold unless there is evidence that more people as a whole are purchasing cars

Common Sense 10% unemployment does not = more car purchases which is a capital asset.

[damntexdem]

54. Must be a Pinto, then.

;-)

[Robb]

55. LOL nt

[grantcart]

56. k

[livetohike]

58. The investment club I belong to bought Ford at $2.16/share

(500 shares). Yay for us :-).