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10-08-2008, 03:38 PM
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Ford Stock Plumets to $2.10
I thought yesterday's plunge to $2.92 was huge. Today it dropped to $2.10
  Ford Stock Hits Historic Low Part 2: $2.10 Ford Stock Hits Historic Low Part 2: $2.10 10-08-08: The old question comes to mind of “can it get any worse?” We asked that yesterday and the answer was “yes”. Today history was made in that Ford stock (F) dropped to an all time inflation adjusted low of $2.10 per share. Before the end of trading today the shares bounced back to a close of $2.66. We reported yesterday that it had dropped to the lowest point since 1981, but today’s dip represents the lowest price we can find on record for the company’s stocks. The further devaluation was in part due to the DOW plunging another 200 points today. Downward pressure was compounded as analysts at CitiGroup changed the ratings today on the stock from “hold” to “sell”, despite the lowest price in history. Ratings such as these are followed by many of the lemmings on Wall Street, so the sell off continued in the face of loss. CitiGroup analyst Itay Michaeli said in an interview, ""If conditions continue to worsen as we saw in late September, U.S. automakers might be forced to consider pursuing either drastic spending cuts and/or broader workout scenarios sooner than previously contemplated," Michaeli said in a note to investors. "As we have previously detailed, distressed restructuring steps could include sizable debt-for-equity exchanges, new labor deals and/or some form of government assistance." Short story is that the outlook for the Big three has become more bleak as the devastated credit markets have taken the lion share of buyers out of the showroom for the near term. Scary stuff as Ford is this week readying the launch of its new 2009 F-150 trucks - likely to hit showrooms with a thud no matter how good they may be. 
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10-08-2008, 04:01 PM
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I always said I'd buy some Ford stock at $1.00 a share (queue in Motley Crew song, "I'm on my way...")
A well known company in Baltimore traded at nearly $30 a share this time a year ago. The other day $9 a share. 
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2001 S2 Roush, 440 rwhp 404rwtq@6psi, ProCharged,mods in profile 1999 Lightning,lowered,rims,exhaust,headers,mystic flames 1997 Civic, daily grind, 39 mpg BAJA boat with cammed out 383 Stroker 
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10-08-2008, 05:07 PM
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which company was that in Baltimore... I used to live there
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10-08-2008, 06:07 PM
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All jokes and doom-and-gloom aside, this might really be the time to start buying.
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The gene pool could use a little chlorine. ROEA #C-31 Please Click This Link! 2000 Black Stage 2 Roush Coupe #5142 (about to receive a truckload of parts) 1999 Atlantic Blue GT Convertible - Do-it-yourself Roush (Kenne Bell - 9 psi intercooled kit) 406.7 RWHP (drove under a highlander) Wife's car: 2005 Screaming Yellow GT - Project Yelleanor: (Video Low-Res) 
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10-08-2008, 06:40 PM
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Quote:
 You CAN buy your way out of poverty 
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10-08-2008, 06:52 PM
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Quote:
(I'm sorry lord, that's bad)
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The gene pool could use a little chlorine. ROEA #C-31 Please Click This Link! 2000 Black Stage 2 Roush Coupe #5142 (about to receive a truckload of parts) 1999 Atlantic Blue GT Convertible - Do-it-yourself Roush (Kenne Bell - 9 psi intercooled kit) 406.7 RWHP (drove under a highlander) Wife's car: 2005 Screaming Yellow GT - Project Yelleanor: (Video Low-Res)
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10-08-2008, 08:49 PM
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I really want to buy some stock now. Maybe I will save that extra $100 on the car payment this month and help myself out...
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 2002 Roush Stage 2 #6347 Diablosport Tuned with Spintech Mufflers 
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10-09-2008, 04:28 AM
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I think you guys are right. Its an opportune time to start buying here. If you can get in when its bottomed out, then its got no place to go but up. I mean if you look at it, the dollar is gaining ground against foreign currency and oil is continuing to fall. So those to me, in my small bit of financial knowledge, would seem to be good indicators. I mean how much of this doom and gloom is media hype?
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 07 Roush Stage 3 #07-250 02 Saleen S281 #02-331 GONE 04 Mystic Cobra
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10-09-2008, 05:49 AM
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What are you guys using for online brokerage houses. I wouldn't mind putting in some cash right now and getting in low.
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2001 Mustang GT Current Modificaitons Somewhere in between a Steeda Stage 1 and 2 2002 Ford Sport-Trac My Urban assualt vehicle
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10-09-2008, 10:19 AM
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Quote:
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 Fuel, Air Freshner, Wheel Cleaner, Tire gloss spray.
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10-09-2008, 10:38 AM
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Be careful if they fall too far they will be delisted!
Ford of Europe is keeping the company afloat. Why did they make that flex thing? That is fugly. Jack
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Jack 2005 Sonic Blue 05-1662 Sport - K&N, full Roush Suspension, GT 500 LCA's, sniper tune 1998 Blue Explorer 5.0 - K&N, cherry bomb elite cat-back, gabriels, powerslot rotors, hawk brake pads, sniper tune
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10-09-2008, 10:46 AM
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Ahhhh, A Stock I can afford....
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10-09-2008, 01:34 PM
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Contrarian Strategy
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2002 Roush Stage 2 #6347 Diablosport Tuned with Spintech Mufflers
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10-09-2008, 03:39 PM
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It is only deepening.............
TheMustangNews: Ford Stock Hits Historic Low Part 3: $2.03  10-09-08: Ford the third bloody day in a row, Ford (F) stock has fallen to a historic low. Closing today at an all time low of $2.08, it had fluctuated even lower during the day at $2.03. We are nearing “penny stock” status in this week of market turbulence that is getting close to harming the auto industry in ways that we have seen banks destroyed in the past couple of months. We hate to say it, but it appears this trend is only deepening. General Motors (GM) has also been on the hell-bound ride to ruin this week hitting s historic low of $4.76 per share, a 31% drop in value today alone. To give a scary comparison on where things are right now, Mattel Inc. is worth almost $2 billion more than GM. Motorcycle maker Harley-Davidson Inc., with a market capitalization of $6.83 billion, is worth more than Ford. Wall street fears that automakers are the next domino to fall in the economic crisis. This is in part because dealerships cannot get buyers financed to sell the vehicles. Many buyers now have damaged credit due to the housing mess and foreclosures. Those buyers who still have marketable credit are finding that the bar has been raised drastically on loan approvals. Anecdotal news we are hearing right now is that a year ago, dealers were getting 80-85% of all loan applications approved to sell cars. Today that number is hovering around 20-25% approval rate. This plunge in buyer approvals is directly connected to a plunge in sales. The bad news is that there is no end in sight. If a majority of buyers are not credit worthy today, it will take months if not years for them to become approvable again in a best case. That fact has Wall Street looking at automakers in a new light. This problem is not going away and may unfortunately get worse before it gets better.
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10-09-2008, 10:06 PM
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I am probably going to go and buy some tomorrow (that's the plan anyways). Perhaps I should wait a bit longer? This will be my first venture into the market and any credible advice would be much appreciated!
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2002 Roush Stage 2 #6347 Diablosport Tuned with Spintech Mufflers
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10-10-2008, 02:07 AM
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If you got some extra cash, buy now. Being a little older than most on this forum, I can speak from experience. The stock I bought in the 1987 slump, turned into hugh profits. You might not see the return in years, so make sure it's money you don't need right now. Just remember, giant companies that we thought would never go under, did. Some in the last month. Think Ford will survive and with their stock at $2.10, it's a good risk to buy at couple hundred shares.
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'07 Roush Sport Whipple Super Charger, MGW shifter, Roush O/R and Aeroforce gauges.
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10-10-2008, 08:41 AM
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It is in positive territory today this morning, but who knows.
I read something yesterday that was equally alarming as the comparison of GM and Ford to Mattel and Harley-Davidson... The Ford Family's total ownership in the company last year was worth about 2.25 Billion. Yesterday it was worth 189 Million. Read that again. That is over a 2 Billion dollar loss in value. No longer a dynasty. Bill Ford sold about 1,000,000 shares a couple months ago at a severe loss compared to what he bought them for just to pay off some of his own personal debts.
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