Way overbought
Short FORD (F) @ $11.80 - End of Message
Started by
TechMan
, Jan 13 2010 10:06 AM
4 replies to this topic
#2
TechMan
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Posted 13 January 2010 - 10:43 AM
OOPS... I meant Stop @ $12.05 at yesterday's opening gap...
Have a great trading day ya'll...
#3
pisces
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Posted 13 January 2010 - 01:19 PM
Hi, agree on the overbought. but i have a target of 16.00 on it which i expect to see this year.
good luck.. pisces.
#4
TechMan
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Posted 13 January 2010 - 02:19 PM
Hi, agree on the overbought. but i have a target of 16.00 on it which i expect to see this year.
good luck.. pisces.
As a Sorpio, I've learned not to arugue with a Pisces' intuition, but $16 is a long way to go. Mind telling me how you come up with that target?
Ford had tried a few times to move above $16 in 2001, 2002, and then between 2003 and 2004 to no avail. I'm also wondering whether the arrangement with VEBA (I think???) on the retired workers health benefit may dilute the share price further...
#5
pisces
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Posted 13 January 2010 - 03:32 PM
hi scorpio,
the target on F comes from a reverse H+S,which broke up just below 9.00 in dec.i had some from lower levels and sold too soon.now i am looking for a spot to buy,maybe ~10.00.wehave to see what happens.
FWIW,some of these work out,some don,t. TWT
good luck, pisces.
