Zeev's Turnips Patch-No Politics (ZEEV)

[marketmaven]

SPX close under 1100 points to 1015 IMTO
Bull, great posts but the news is getting worse as the auto numbers portend. Why do people even believe this BS from Ford and GM? Incentives don't work when comparable vehicles for $10-18K less are on offer? Ford is deep yogurt as it has a poor lineup and the F-150 update has been pumped and is done. Now abandoning the fleet volume to "preserve margins" - LOL, they sell poor, expensive vehicles that regularly get panned by JD Power and others. Auto parts firms CUTTING

Schaeffer's Street Chatter Highlights the Following Stocks: Ford Motor, Krispy Kreme Doughnuts, and Pixar Animation Studios- CINCINNATI

Schaeffer's- Tom Godich, 513-589-3800 [e-mail]
Today's "Street Chatter" from Schaeffer's Investment Research focuses on: Ford Motor , Krispy Kreme Doughnuts , and Pixar Animation Studios . "Street Chatter" is a report that analyzes three newsworthy stocks that are generating a lot of attention on Internet message boards. "Street Chatter" is published on www.SchaeffersResearch.com - the home of Bernie Schaeffer and Schaeffer's Investment Research.
Street Chatter:

1. Credit Suisse First Boston expressed concern on the automaking and auto-parts manufacturing industries Friday morning. The financial-services firm said that the combination of production cuts at the Big-Three automakers and impending interest-rate increases could be detrimental to the sector. CSFB downgraded both groups and lowered its forecast for automobile production for the upcoming year.

Ford Motor has declined slightly on this opinion but remains above support at its 10-week moving average. F shares are also trading above the 14 level, which marks the site of previous short-term resistance on the equity. On the sentiment front, the level of pessimistic posturing on F has surged dramatically of late. After sitting near an annual low two weeks ago, the Schaeffer's put/call open interest ratio (SOIR) for F now weighs in at 0.87, which stands in the 42nd annual perspective. This activity implies an increased interest in bearish put positions.

Also of note is the recent 3.5-percent increase in shorted F shares. As of the latest reporting period, there were more than 90 million F shares sold short. At the stock's current daily volume, it would take more than two full weeks to cover all of these bearish positions in the event that F began to move higher, forcing these bearish speculators to repurchase their shorted shares. Click the following link to see the Weekly Chart of F Since February 2003 With 10-Week Moving Average: http://www.schaeffersresearch.com/wire?ID=10093.