Ford on Monday April 23 2012

[Gotluck]

Good morning TT,

Gah!

Fridays Game
Plyr Nsrb Tmln* Gtlk Avg. Actual
Open 11.74* 11.74* 11.79 11.76 11.71
High 11.97 11.88* 11.96 11.94 11.72
Low 11.66 11.64* 11.64* 11.65 11.39
Close 11.88 11.75* 11.91 11.85 11.41
Diff. 1.02 0.78* 1.07 0.96

Good going Tmalone,
…and congratulations

[notsorichbob]

O  -  11.17
H  -  11.58
L  -  11.11
C  -  11.51

Gah*2

[tmalone]

Wish I had ur optimism Bob.

11.10
10.98
11.21
11.01

[Gotluck]

Wish I had you optimism tmalone...

11.10
11.12
10.78
10.91

[Paul]

This does not look good, I hope they are wrong.

http://www.edmunds.com/industry-center/commentary/a-quick-look-at-april-sales.html

Ford's April market share down 12% from March

[frozen kiwifruit]

Its concerning, but at the end of the day profit is the only thing that matters.  If it is correct, I'd be rather concerned with what was driving the trend though.  

Even though we tagged 11.25 at the open, this buying gives me warm fuzzy feelings!  I think we at least revisit the low yet (I'm thinking we'll see lower lows, but thats a problem as it'll bust my support trendline).  I've closed out half my shorts here.  F now my only long position.  AAPL reports after market closes tomorrow, and we have FOMC meetings wednesday.  Thats a lot of headline shock in the immediate future.

[frozen kiwifruit]

S&P - down 1.12%

F - down 0.26%

How ya like that!!!  Booyah, not sure if its time to add, market is struggling like a sumo wrestler riding a uni-cycle up a greased hill in gale-force headwinds, but if you don't like the action on F today you (are probably doing something more important with your life :-)).