Replies to post #444038 on Zeev's Turnips Patch-No Politics (ZEEV)

[BuzzOnDaBeach]

I was looking at 15.00 as a FORD bottom based on old support. I have entered in extremely small positions starting around 17.50 and anticpated a dip to 15.00 if the support at 16.00 broke. I view the 15.00 support as crucial (barring a dip just under due to the volatility of the stock), or could see a quick "swoon" to 13.00.

In the past FORD has printed tails prior to reversal, and I'm hopeful that today's chart is showing just that, a tail that will be bought in the am. If not, since I'm in relatively light and not looking at a huge loss, I think it may be time to exit. The problem is, FORD never bases and consolidates, it just jumps back up. So I'm playing the tail angle and will look for my 4 and 5 buys in the morning, with a mental stop around 14.40. I think tax loss selling and panic has more to do with the current decline than potentially bad business. Wish they'd pop out a PR on some of the phone peripheral bundle sales.



Buzz

[was hotlinktuna]

Yeah Zeev, both FORD + IPII really off hard...not sure of entry attempts on either...tuna