Ford had a great day on Friday, a big volume breakout from tight trading. It is even starting to outperform Tesla.
On the plus side the market is in bull mode. But then, this doesn't look like it is ready to outperform the market some more. It was disappointing how price fell back after that Friday. And F is running hot in the monthly chart, so it may be served well to pull back. imo a pullback could go below $17, but we'll have to see how it trades in 2022. I'd be buying market indexes instead of this right now.
[QUOTE="anotherdevilsadvocate, post: 162087, member: 26" I'd be buying market indexes instead of this right now.[/QUOTE] Good advice!
For the record, I desperately want Ford and GM survive. While I do not believe they will, it breaks my heart to consider.
Ford - 15% - At this point, Ford would be better off to focus on ICE and wait for that platform to melt. Perhaps this is what the corporate split is about. GM - 35% - Current GM management seems to understand the problem, and they have done some good things, but have proven themselves either corrupt or wildly incompetent with regard to partnerships. Stellantis - 40% - Stellantis seems to be open to partnerships, which they will require to survive. If Stellantis survives, they will be a component producer. The real owners of future auto will be whomever makes FSD software.
Speaking of F,,, I opened a position today. I'm now wondering if it was a premature injection of capital or if I should ride it out? Provided it doesn't turn belly up it could possibly be a long term partnership. Ranger $12.04
I will say that I have reassessed Jom Farley to be more competent than I had previously thought. He has said some things that hurt my ears to listen to. I thought Mary Barra was the class of the field. Mary Barra has turned out to be incapable of leading gm through electrification and Jim Farley has demonstrated an ability to adapt to changing conditions. I still think Ford are walking up a pretty steep hill but its possible they can remain some what relevant in the age of the electron. ... And I still think there is value in dual opposed engines. I seem to recall ford will have it by about 2025. It will not be too late for a small ice rennaisance.
One of my primary interest in Ford is the fact only 2 Companies didn't BK and need Gov. Bailouts during the 2008 crisis. Tesla and Ford. GM took the money,ran and still filed BK. leaving shareholders in the pile of trash. Ford has major obstacles to overcome to even be worthy of Tesla dust, I think they will be able to keep enough market share to survive. I fully agree with Tom's assessment. They must change with the times. Found On Road Dead.