On 18/04/2010 10:54 AM, Eisboch wrote:

"Canuck57" wrote in message
...

On 18/04/2010 10:06 AM, Eisboch wrote:

The only "new" stock I bought recently was Ford and did so when they
were at
about $1.46 a share and GM and Chrysler were just about goners. (well,
actually, they *were* goners).

I was impressed by the determination of Ford to forego government
bailout
money and attempt to make it on their own. So far they have.




Owned Ford too, didn't do as well as you. Bought in at $2.25 and out
at $6.90 but a good ride and never got burned taking a profit. Watch
Ford carefully, it could go to $20 but there is a hype factor in it at
the moment. To manage debt, they diluted the shares and under current
valuation on a equity base, Ford is in definitive high end of
valuation for at least a decade, the question is are they over valued
or can they continue?


I bought as much as I dared risk right after they announced they would
not seek a bailout.
Sold half at about the same as you ($6.60) and half again at ($11.60). I
am well ahead of the game now, so the remainder will stay for the longer
haul, unless something blows up like a Pinto.

Eisboch

Yep, average in and out. Good tactic I regularily use too.

--
Time to ask, is our government serving us or are we serving the government?