F - Ford Motor Company - Page 370
Hopefully but the wick almost reaches the 20EMA. i think I'm just going to stay out and buy front month calls as we approach earnings.
I bought my first tier at 15.36 on Friday. If Ford continues to drop I will average down. If Ford goes green I will take profits again.
I can't see Ford going much below 15.00, but Ford moves unexpectedly quite often. I am confident F will test 16 at least one more time before earnings.
This is a good buy IMO
In the past it has been hard to predict Fords movement. If Ford meets expectations there is no reason it won't get back to the 18-19 level. I think analysts are expecting 18-22 depending on the source. I tend to buy and sell rather than hold because F gives back it's profits quite often.
I've read that the crisis in Japan threatens to hurt Ford's earnings. If I understand correctly Ford's quarterly earnings range from January 1 thru March 31 2011. The crisis in Japan occurred with roughly two and a half weeks left in the quarter. It took nearly a week to have any effect on the US auto market, maybe more. That being said analysts want us to believe that a one to one and a half week period is going to hurt Ford's earnings? This just after analysts report Ford beat GM's sales in March, up by 19%. Ford's F-series remained the best selling vehicle in the US up 25% in March. Am I wrong with my dates or thinking?
On a more positive note Ford had a strong day for a down market. Currently up $.03 AH's.