Any thoughts on a Ford quick flips?

[dr_white]

Granted, this topic is quite similar to the longer thread on Ford, however, that thread is more geared towards the long term. (And, yes, I have read the majority of that thread) What I want to focus on in this thread is for short-term quick flips of Ford as it cycles up and down for a while before going back to steadily rising over the long term. Any thoughts/suggestions on short-term flips for Ford? Short-term being anything from day trading to months, or maybe quarters, but probably not much "shorter" than that.

 Dean

[phlemboy]

Well I can only comment on my "virtual" trading that I've done while learning about the stock market. I've noticed it fluctuating about 50 cents at times. That kind of movement has returned $100 - $200 "virtually" with 200 - 400 shares. Other times it moves sideways and does nothing. I suppose if you buy enough shares you could take some profits as it goes up. I think the bigger question would be if Ford will be viable. Ford has said they have enough cash to survive until  2010. Perhaps their outlook will improve by then.

[Rich_in_CT]

Hard call.  Because no one really knows what tomorrow will bring in the news regarding Ford it is hard to know what it will do over the short term.  The long term is easier to gauge because we see them doing things that will help their long term viability.  If you see a bad news article come out and buy on the dip that causes it is certainly possible you will invariably get a nice boost when it comes back up in a few days but it is never easy to guess the small flucuations ahead of time.  It is $2.90 a share now, if for some reason today a story comes out that drops it down to $2.75 it would be a good play in my mind to pick some up.  If it drops again pick a little more up.  I would guess looking into my crystal ball that soon after you should see a small profit and you can dump it and move on if you choose.  But if that doesn't happen and a week later it is still hanging at the same place you aren't totally screwed, just hang out a little while longer and it will rise.  I still see the better play on this to hold it for a lot longer.  You make 8-10% and move on great....but what do you do with your money when you cash it out?   Do you think you can do a bunch of short trades and make 100-200% over the next few years?  A lot of the pros can't do that, period.  If they could why are all of the mutual funds screwed up now?  What makes you think you can do it any better?  I don't see why Ford can't be up to $8-10 in the new 1.5-2 years.....from under $3 that's a nice profit.  As usual don't park all of your eggs in one basket, the Ford play isn't a guarantee.....it's stock not a CD.  And certainly don't put money in that needs to stay liquid, after all this could go down more before it comes back up and it would be bad if you had to pull out your cash at a time when it was down.

DISCLAIMER-  I am not a professional trader, I don't play one on TV and I've only walked on Wall Street but haven't actually traded there in person.  The past performance of this stock does not guarantee any future performance and my views are at best semi-educated/partially-retarded guesses and may be dead on or dead wrong.  What do I know, I'm an IT guy.

[allagash]

Any thoughts on a Ford quick flips?

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