Looks like there a nice breeze blowing into the sails of Ford. With the Japanese companies taking a hit and Ford just recently selling more vehicles in North America then GM, things are looking up for Ford, ticker signal F.
I just got a long signal to buy F using my ETS trading system on Metastock end-of-day. Think I’ll tiptoe in and buy some Ford. There are some headwinds out there though. These are mainly the rising price of oil and commodities which takes away from Ford’s profits. Companies need to raise prices when steel, plastic go up in price. But strong competition from the Koreans and the extreme price sensitivity to sale of autos makes it hard for companies to do that. Still, I think Ford has been doing many things right. Putting emphasis on their product design, improving styling, fuel efficiency and quality are some worth noting. The competition is certainly tough and Ford cannot afford to relax.
Hope you'll update us the day this Ford signal changes!
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