We need to distract people from our lackluster sales performance:
Ford reported February U.S. vehicle sales that fell sharply from a year ago, with all vehicle types showing declines. Total sales dropped 20.9% to 129,273 vehicles, including a 25.5% tumble in truck sales to 66,158, a 11.8% fall in SUV sales to 58,396 and a 3.1% slip in electrified vehicle sales to 8,984.
We used to cancel vehicles that only sold 8,984 in a month.
There's a gap in the charts back down to $5. Let that set in for a moment, the possibility, and plausibility, that Ford stock could retrace back down to $5 or lower.
In the market, most ALL gaps get filled at some point in time. Bet accordingly.
Projections by global industry analysts show Fords 2030 market share @ 5 to 8%
Watching the sh*tshow 5-8 % is optimistic.
They seem h*LL bent on alienating their existing customers while at the same time selling hot air to future customers.
The computer chip shortage will take 5 years to correct.
China will begin importing e vehicles into north america.
All vehicle manufactures will have to scale down as their share of the market will drop.
This is the result of a global economy dominated by china.
Our business leaders, & polititions have sold out americas current and future generations.
But wait, there!s more! We booked the Rivian investment valuation as $93 BILLION, and today it is worth $47 Billion. That is going to hurt in Q1.
People are too focused on the news. News, is noise. Propaganda. Nothing more, nothing less.
As Ford stock approached $25 or so, I warned a family member that their were TWO gaps to the downside, the lowest at $16. These WILL fill. You never sell into weakness, always strength.
Yesterday, Ford hit that $16 mark, and I reminded that person that I warned them, they didn't like that. They said, it was because of this Russian war. I said it wasn't because of the war, the news is noise, you can see it clear as day in the charts.
The "war" that took it down so far, also took Ford stock up 8% or so today. That same war story narrative. People always try to assign something toward movements - at their own peril. Their now exists a gap to 20, and 22 to the upside in the ticker. Which will fill.
On the same note, there are many gaps leading back ALL the way back down to $5. This WILL fill. Imagine a Ford stock that goes from 16, to 20-22, down to $5. Is it possible? Let's just say is VERY plausible.
People are about to learn their place. That ONLY happens, when their own money is on the line, and they're losing. Bet accordingly. It's not my money to lose, as I know how to position myself. I care not what you do.
Sell on the news. Same thing happened with FB. Slowing growth, poor financials were expected at earnings so they did a media blitz to distract with the meta change. If you need cash for taxes, its time to recoup losses, or you want to diversify before the next quarterly earnings, now is the time on the hype bump.
A year has gone by and Farley has done squat about the chip shortage. That alone should be a fire able offense.
Oh well