FORD
Short book: GM broke below earnings support, to follow F soonToday we added a couple shorts, I'm posting the trades we currently have open but not providing entry/stop suggestions. Only trade them if you have a trading strategy, or, ask me if you're interested in learning more about the one we use (Tim West's 'Key Hidden Levels' and 'Time at mode').
We have some worrying bearish signals, so it's a good idea to have a market neutral position, picking stocks to short, while still looking for longs in undervalued companies.
See related ideas for the rest of the trades we took. You may still be able to join them or wait for a secondary entry when/if we decide to add to them.
Good luck,
Ivan Labrie.
$F IS A CLEAR BUYLooking to buy $F at $12.00.
Hereis why:
1) They have a low earnings estimate that I believe they will smash.
2) Tonnes of great new products that sold like crazy this year; Focus RS, Mustang 350, Mustang 350R, Ford GT: ALL SOLD OUT
3) Best Selling Truck in the WORLD!!
I believe the Ford is the most undervalued stock in the transportation sector and I will be holding this buy until it reaches it's last highs of over $40 like I know it can.
Above you can see some estimates of where I think this stock is headed.
FORD MOTORS: awaiting A GOOD LONGFord Motors Co : after not a great earnings and following decline, now FORD looks like possible recovering towards bullish up-trend, or a correction before a downtrend.
So, as usual we have two plans to work with F:
Plan A : today we buy a half of a position and wait until additional signals that F can really recover.
Plan B : in the case that we see during trades this week F will not have confident growth, we need to be prepared to turn the position short.
For more ideas visit: mercuriusam.wordpress.com
Buy Stocks on the Rumor, Sell on the NewsFiat Chrysler to invest $1.5B at Sterling Heights plant
www.detroitnews.com
Buy Stocks on the Rumor, Sell on the News
So looks like channel trading. Lean towards short side more but good options strategy would be great for this type of trade if you know how to trade in this channel choppy side movement trade.