Just to show off we bought some Ford at the bottom. It seemed pretty obvious to us. When all the chicken littles about you are losing their heads it’s time to be a man my son. There were the fundamentals of course –Ford had managed its cash and capital a lot better than GM and Chrysler of course was an advertisment for hubrytic bad timing. What ever happened to the private equity guys anyway? Well, pride and greed goeth before a fall. Now F is being accumulated and we suspect that in a few years we’ll laze back in the rocker and say yes, my boy, dad bought Ford at 5. Really dad? Wow!
That long volume bar is a signal to buy more.