FORD - ITYS!
ITYS = I Told Ya SO!
So sometime back in mid-March I was trolling for stocks using my standard screens and lo-and-behold, Ford (Symbol: F) jumped up at under $5.00 a share. I thought to myself then, gee I wish I had already funded my Tradeking account.
However, being the magnanamous guy I am, I proceeded to tell my close friends and family who invest, that this was a steal and that they should use the opportunity to build up some volume on this stock. I recall also commenting on this stock in various TK posts as well in early April.
Well here we are, a mere one month later and the magical earnings fairy has sprinkled her magic dust on Ford and zoooooom...at last look Ford is trading at $8.20 a share. Three dollars up for my friends and family and about $2.00 up from my TK comments if memory serves.
Of course, if you haven't guessed by now, the I Told You So note is actually for me and is meant to be a kick in the pants for not funding my account sooner, but I digress. You all know the lesson here so I won't bore you by re-stating it.
Edited by corbinb2 at 10/07/08 at 03:20 PM
Comments
Follow commentsWallStreetKing posted April 24, 2008 (04:03AM)
I bought ford in March, I believe no wait JUNE of 2007.
I TOLD YOU SO = A statement of awareness by the sender or can be placed for the devilish attempt to retrieve view points of others. usually an annoying statement presented by unknowing children to the parents when they finally realize they are correct.
(not saying your an annoying child) I just like doing write ups on statements and definitions for Etymology sake.
can be damaging if used incorrectly for political statements!
I can go on, but the main message, BUY FORD F or hold now and wait for another low. because i haven't looked at my holding of ford, yet today.
PEACE
snowman posted April 24, 2008 (02:48PM)
Think I will buy puts and soon as possible, thanks for the TIP!Stockbuyer posted April 25, 2008 (06:26AM)
already bought my puts. i really like this stock.TomNilsson posted April 29, 2008 (03:09PM)
Bought Ford common stock last fall and got tired of watching it go nowhere , and then start dropping a little hovering between high $4's and low fives. A couple of months later, since ford common wasn't paying a decent dividend, I decided to cash it in and buy some cheap out of the money call options exp jan 2009. The stock continued to drop. With the latest upturn I'm actually half way back to break even( or only a 50% loss on the price of the options), but had I stuck with the stock, t his would have been a 60% gain if I'd have just held the stock instead of opting for options ! Lesson learned I guesscorbinb2 posted April 29, 2008 (03:17PM)
At some point you have money sitting there doing nothing and you have to get out and do something else with it. The lesson here I suppose would have been not to get back into the same stock you just dropped. Hope it comes back for you...:0)
You must Log In to post to this blog.
Not a member? Register Now to …