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Anyone buying Ford??
I was looking at the carnage in the retirement accounts today and starting looking at how much various Blue Chip companies have fallen...made me feel a little better about my losses I guess.
Anyhow, I looked at Ford and was a little shocked to see it at $1.40 a share. I know about the auto bailout and how bad the US automakers have been doing, but $1.40 a share for Ford??
So, I started wondering if it might not be the time to throw a little "throw away" money at it. I'm not talking anything major, maybe 1000 shares. If I lose it I am out $1400. If the government does what I think it will do and bails out the big three, there could be a fairly easy 5 bagger in it in the next 6 months.
Anyone have any thoughts?
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Rick
1984 911 coupe
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