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Monday, September 21, 2009

Trade - Ford

Ford looks interesting here as an entry point. It is oversold, nicely consolidated and approaching a long term resistance SMA (which now is a support SMA).

The euphoria from 'cash-f0r-clunkers' has obviously ended, but Ford is a turn-around story, not an economy-turning story.
I am still a big fan of what Mulally is doing, and entered a position.

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