jallen572

Ford to Sink to Support

jallen572 מעודכן   
NYSE:F   פורד MTR CO DEL
I'm expecting Ford to continue to run near support. My goal is a dividend play where ill accumulate between 8.75 and 8.5
Long Tern Dividend Play. Exit near $10
הערה:
Feb 5: This was a huge down day on earnings. I still believe 8.21 will hold for this trade. I added more to my position at this low price as it is in line with my dividend strategy. I will not hold more than 500 shares for my personal risk tolerance. This is a buy and hold forever stock for my portfolio.
הערה:
The earnings were completely horrid for Ford pushing it below my exit.
This would have been a great opportunity to COLLAR TRADE during earnings protecting your equity.
Due to my long term approach and a small number of shares, this does not phase me.
Looking back, there is support at $7.5 where I would expect a reversal. I plan to purchase more at this price. I'll use options to get in (Selling Naked or Bear Puts for entry) It doesn't earn much.
Total Exit is at 6.50 where I find support from 2009.

Jesse Allen
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