While the rally in the market may not continue all the way, or some say it might… It is uncertain whether we are in a short term bull rally but it is quite clear that we are in a long term bull run.
While current market level seems too high for our liking to be buying stocks.. and fear that EUROPE might tumble together with US states with fiscal issue… Investors have discounted these fears and are looking to buy stocks on weakness.
Hence my trade idea is to buy Ford which has been weakened due to a surprised drop in revenues.
Why FORD?
- USA is picking up steam
- Expect more cars to be bought as auto drivers convert into better mileage cars (rising oil price)
- FORD FOCUS might be the winner here. (100miles per charge!) 3-4 hours to charge.
The stock is 20% below its peak, and this seems like a good level to buy some… $15.9
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