"A cynic is a man who knows the price of everything, and the value of nothing." Oscar Wilde

New Trade: Long F (Ford)

I said I don’t gamble “as much”, not “at all” ;)

(F: 10.3595 +1.66%) – Ford, long 500 shares for a few pennies or more. Will sell before December 8th.

 


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8 comments:

  1. R, 1. December 2008, 22:08

    I’ll hope that you’ve bought under 2 bucks per share, from the today’s deeps.

     
  2. Phantasmix, 1. December 2008, 22:23

    R,
    I’m in at $2.36.

    Haven’t been able to sit and watch stocks all day in the past couple of weeks.

    F should move like C after the bailout (this is what I’m hoping for, anyway).

    I may come to my senses waaay before Dec 8th, but my stakes here are fairly small, I’m not sweating it.

     
  3. R, 2. December 2008, 4:35

    We’ll see no more non-banking bailouts, just stimulus for cars buyers, i think.

     
  4. Phantasmix, 2. December 2008, 10:15

    I’m already out.

     
  5. ducati998, 2. December 2008, 11:05

    Kat,

    Quick trade I see…panned out nicely!

    jog on
    duc

     
  6. Phantasmix, 2. December 2008, 11:38

    Duc,
    shouldn’t get too greedy :)

     
  7. ducati998, 2. December 2008, 12:07

    Kat,

    Remember I’m a Buffett fan, get greedy when others are fearful.

    Seriously though, you have to milk winners. To really make money you can’t cut winners.

    jog on
    duc

     
  8. Phantasmix, 2. December 2008, 12:15

    Duc,
    I’d let it run if I was able to watch it.

    It’s just a gamble in my eyes, turned out to be uncomfortable holding it. It felt like AIG or FNM for some reason.

     

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