Monday, April 02, 2007

Closing Ford for a small profit

Selling back my ~£20,000 of Ford just at the close, £620 profit from my purchase on March 19th. Stock trading about $8.08.
 
Think they are reporting sales numbers tomorrow, didn't have time to study it, as I wanted out before the close. This is a stock I'd like to keep moving in and out of from the long side, and I'm happy to book some small profits and wait for the next pullback. Having stated that they won't be profitable for the next 2 or 3 years, and a product that could suffer in a slowdown, I'm sure I'll get a chance to re-enter this one.

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