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Yesterday morning I went and did it; reached for my mouse, moved the
little arrow over the "Buy" button on the screen of my Broker's on-
line investment application, and--Zap! Within instants I had it, a
whopping 296 shares of "F", which only a few short months ago would
have cost me well over 2 grand. Yesterday, I paid a mere pittance
compared to that.
Now, if all Americans were to be so public-spirited (and greedy) as
me, we'd have the whole Big Three bailed out in no time, with no more
worry about never having an American made car or tank out on the road
again.
Naysayers pop up from bear caves all over the place to roar, "Are you
out of your everloving tree? Every share of that stock has $54.00 of
debt written all over it!"
The hell you say, say I. No sooner than that govmt bail-out comes, as
it will, such a run will come on these Big Three stocks as has never
been seen before on Wall Street, and that debt will disappear in a
flash, quick as it took for me to click that buy button yesterday at
$1.57 per the share.
You'd have to be deaf, blind or plain scared silly not to see it!
These are the times when money is changing hands--and there ain't no
"trickle down" to it, baby. It's a deluge, and either you got your
umbrella turned upside down or . . .
Bye-Bye Birdie.
--
JM
Congratulations, Sir or Madam.
But why 296 shares, and not 300, if I may ask?
====================================================
On Nov 26, 5:17 pm, Just Me <j...@g...com> wrote:
> Yesterday morning I went and did it; reached for my mouse, moved the
> little arrow over the "Buy" button on the screen of my Broker's on-
> line investment application, and--Zap! Within instants I had it, a
> whopping 296 shares of "F", which only a few short months ago would
> have cost me well over 2 grand. Yesterday, I paid a mere pittance
> <snipped>...
On Nov 26, 1:29 am, Rich Uncle <m...@g...com> wrote:
> Congratulations, Sir or Madam.
>
> But why 296 shares, and not 300, if I may ask?
Maybe he could not afford the extra four Ford shares?
In any event, he could be throwing good money after bad, though F is a
much better pick than GM.
RL
> In any event, he could be throwing good money after bad, though F is a
> much better pick than GM.
>
> RL
I have been a buyer of ford debt. Was origin buyer of GM but too
damn
much of it out there-- both priced the same at .22
"raylopez99" <r...@g...com> wrote in message
news:71b14d11-3a76-4172-962f-cf07def8f82e@x38g2000yq
j.googlegroups.com...
On Nov 26, 1:29 am, Rich Uncle <m...@g...com> wrote:
> Congratulations, Sir or Madam.
>
> But why 296 shares, and not 300, if I may ask?
Maybe he could not afford the extra four Ford shares?
In any event, he could be throwing good money after bad, though F is a
much better pick than GM.
RL
=======================
I have a Mercury and a Lincoln sitting in the driveway. They have been the two
best cars we have ever owned. Previously, we have owned an MB Diesel, Peugeot
Diesel, two Volvos, a Chrysler and a Chevy Nova with a 350 engine, but the two
Ford products we have now have been the best without an ounce of trouble.
-- The MB Diesel's A/C never worked and the turbo broke within a year
-- The Peugeot Diesel was a typical French piece of crap. In a way it made me
famous. There was a design flaw in that death trap that kept the throttle fully
opened. It nearly got me killed. I did manage to get the car to stop (pulling
out the key!) and located the problem. I wrote it up, applied my engineer's
stamp to the write-up and sent to Washington. A year later I provided expert
testimony in another case of a runaway Peugeot. From that point onward, Peugeot
quit the North American market.
-- The Volvo's Bosch Jetronic FI never worked and the engine required a ring job
after two years. My first car was a Volvo 144. Every nickel and dime part
broke. Even the direction signal handle broke off the steering wheel shaft.
-- The Chrysler was a piece of crap.. they used every cheap part they could get
their hands on
-- The Chevy Nova with the 350 engine was a great, albeit Spartan, car. It's
problem was that it ate starter motors.
On Nov 26, 4:17 am, Just Me <j...@g...com> wrote:
> Yesterday morning I went and did it; reached for my mouse, moved the
> little arrow over the "Buy" button on the screen of my Broker's on-
> line investment application, and--Zap! Within instants I had it, a
> whopping 296 shares of "F", which only a few short months ago would
> have cost me well over 2 grand. Yesterday, I paid a mere pittance
> compared to that.
If you think Ford will last long enough, they seem to have bonds that
would yield 40% per year to the end of 2011.
Either it's a bucket shop or you have a super broker, Sir.
For example, there is a Ford Motor Co 9.875% coupon rate maturing
Aug 10, 2011 with a yield to maturity of about 9.4% priced at about
$101. It's a B-grade bond as rated by Fitch. You have to compare
the yield with the coupon rate.
I must say the GM and F bonds are getting so much better rates than
what the Amex titanium card charges, whatever rumours spread by
some Big 3 top executives that are going around on the Hill about
their
coming demise!
==================================================
On Nov 27, 1:08 pm, Pies de Arcilla <d...@g...com> wrote:
>
> If you think Ford will last long enough, they seem to have bonds that
> would yield 40% per year to the end of 2011.
On Nov 27, 7:53 am, Rich Uncle <m...@g...com> wrote:
> Either it's a bucket shop or you have a super broker, Sir.
>
> For example, there is a Ford Motor Co 9.875% coupon rate maturing
> Aug 10, 2011 with a yield to maturity of about 9.4% priced at about
> $101. It's a B-grade bond as rated by Fitch. You have to compare
> the yield with the coupon rate.
I have never bought a bond, and don't know very much about them, but I
was going by Yahoo's bond screener which says YTM should be close to
50%. Coupon is 7%, but price is only $35. Maybe it's a different sort
of bond?
http://reports.finance.yahoo.com/z1?b=3&is=ford&so=d
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