Originally Posted by
Newman
I own some Ford as well. It has been doing well over the past few days.
That being said, I think all of these stocks are due for a pullback. As good as it has been, there has to be a red day somewhere. If you look at the most common pullbacks, you see it pulls back about 50% from its initial point. I will call that 0.14. Take the difference (0.38-0.14=0.24) divide by 2 (0.24/2=0.12) and you could see a 0.12 pullback from current levels. That would mean a pullback to 0.26.
This sounds harsh, but you have to realize that this is a 33% pullback, compared to the 300% or more gains that people have pulled in on shares bought at low levels. (for those that bought in at 0.05, today's 40 cents represents 800% return on investment)
I believe this pullback will be TEMPORARY, and the uptrend will continue. Be careful buying at current levels.