There's More to Ford than Meets the Eye
As the chart above indicates, shares of F have had a sharp run-up already. Risk-averse investors may want to wait until shares experience a correction to $13 or lower before accumulating. From its 52-week low of $8.82 established last summer to Tuesday's closing price of $14.30 on above-average volume, Ford shares have soared 62% already.
My best, educated guess is those who bought shares last year are selling them short and plan on "buying-to-cover" after F cools its wheels and comes back down to earth. That's when yours truly and other patient investors anxious to participate in Ford's amazing comeback will begin to be buyers.
At the time of publication the author had no position in any of the stocks mentioned. Follow @m8a2r1This article was written by an independent contributor, separate from TheStreet's regular news coverage. Jim Cramer's protege Dave Peltier finds you Stocks Under $10 picks with explosive upside potential. See what he's trading today with a 14-day FREE pass.