Hey mikey22222

Question

SInce you&#x27;re the resident expert around here, I&#x27;m thinking of buying a few thousand shares of F (Ford) and holding a few years. &#xD;&#xA; &#xD;&#xA;It bottomed at about 4.30 a couple weeks ago and it&#x27;s been hanging around 5.00 ever since. I should have pulled the trigger at 4.30-4.50 but I didn&#x27;t. &#xD;&#xA; &#xD;&#xA;My question is, do you see anything in the next month that would lead you to believe it will get down to that price, or should I just buy at the 5.00 now. &#xD;&#xA; &#xD;&#xA;Thanks in advance.

MrBlonde · Answer

SInce you&#x27;re the resident expert around here, I&#x27;m thinking of buying a few thousand shares of F (Ford) and holding a few years. &#xD;&#xA; &#xD;&#xA;It bottomed at about 4.30 a couple weeks ago and it&#x27;s been hanging around 5.00 ever since. I should have pulled the trigger at 4.30-4.50 but I didn&#x27;t. &#xD;&#xA; &#xD;&#xA;My question is, do you see anything in the next month that would lead you to believe it will get down to that price, or should I just buy at the 5.00 now. &#xD;&#xA; &#xD;&#xA;Thanks in advance.

MrBlonde · Answer

Oh, and before you ask the question of why the hell am I looking at F, call it an semi-educated hunch.

mikey22222 · Answer

I would not be a buyer of F for 2 years the news is not bad enough. It may hold this last low here if it does it may be a trade but there are better fish in the sea

Gunners · Answer

if you simply must buy it.  i would only buy a 1/4 of the total shares that you want now.  if it goes down to where you want to buy it, buy another 1/4, and hope it doesn&#x27;t go to 0.

MrBlonde · Answer

Thanks mikey and thanks Gunners, good points.&#xD;&#xA; &#xD;&#xA;I guess my thing is, I&#x27;m not going to miss the cash if I am wrong and it completely tanked to zero, I just don&#x27;t see it sinking below 4.00 soon. Am I just an idiot? (don&#x27;t answer that)&#xD;&#xA; &#xD;&#xA;I like the idea of buying maybe half of what I planned on buying, maybe a thousand shares or so, and then keeping an eye if it does dip to new lows.&#xD;&#xA; &#xD;&#xA;So a target of 4.00 is decent assuming I&#x27;m pulling the trigger at some point within the next 30 days?

Hey mikey22222

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