Thread regarding Ford layoffs

Many people that can't chart read typically ride price up, and then ride price down - because they don't know when to get off the ride, to jump back on again later for cheap.

Just imagine riding Ford stock up to $20+ from $3.50, and not knowing this is when you should have jumped off, only to ride it back down to $11 today. Oh wait, that did happen. I advised people I care about to get out around $20, sell into strength, it's the top of this cycle. Only, while they thought any decline wasn't possible back then, they still can't envision the possibility of a $5 price tag. It'll never happen, your a nut, your a snake oil salesman...

The market is a zero sum gain, so for someone to win, one must lose. Sometimes, people just need to feel that pain to learn that lesson. Let's see what comes next everyone. These are very exciting times. 👍

Chart readers are the snake oil salesmen of wall street

*** to sell the public on the moves.

DYODD and stuff. Not stock advice, yada, yada.

Have to look past the day to day. Prices move up, prices move down.

On the day to day, there's still a large gap up to $13 that should look to get filled, but on the weekly and monthly chart, price is trading in an ascending channel. Price typically breaks opposite of the channel when it's ready to make a move. It would appear that a move looks to be starting around late Dec.

Looking at the long term view on the weekly or monthly, if I was a betting person, and I am, I would happily place a wager that the overall move is down. Usually patterns like the ones we are seeing now, break down over time, resulting in the lowest of about half of what we see in price. I'm still looking for a price point of $5.5 or so, give or take.

The wonderful thing about chart reading, is that it doesn't care about what's going on with the day to day of any company. If you can anticipate the moves, you can kind of anticipate what kind of news you would expect to be delivered to sell the public on the news.

Wall St is extrapolating the Eurozone layoffs to the US. 4k in Europe equals roughly 20k for F here in the US. That's what coming...of course JF gets to keep his job.

A dividend ETF took a large position in Ford today, that affected the stock price

You have to step back not look at a single day. There is something called momentum trades, stock will go up (ceiling) and down (support line)

6months: down 7.98%
YTD: down 8.29%

Compare to SPY: (Index 500 ETF)
6 months: Up 12.07%
YTD: Up 25.29%

My coworker told me he is still holding Ford fund with ~$200K in his 401K. He wants to wait until F goes back to $15 (whatever the equitant is in the Ford Fund) then sell "to get back to breakeven". I told him good luck!!

Investors love layoffs.

jbv+1vCtgKGP so how many additional units did they sell? is it enough to turn a profit?

No.

GM up 5.11%
Tesla up 3.8%
Ford only up 3.58% at close on 1.5 times average volume.

Yes, EV orders are up 200% today and Blue Cruise subscriptions have doubled in the past 24 hours.

Brackets Division just posted a $5B profit

Thanks for the post, just went and shorted it.

This company is trash, any short term pumps will subside down