MGB: Ford and the experts in this Forum

Remember this post and the opinion of the "experts" such as Richard Grothen? Good I did not follow their advice (not to buy Ford, buy gold, stock ammunition, etc)

http://www.mgexperience.net/phorum/read.php?47,1071338,1072192#msg-1072192

I bought in March.... So far I have made about $15000!

So long!

Best

George

George, I'd be careful about lording over Richard or anyone until/unless you acutally cash out with a profit. so far you haven't really made anything. The value of your investment may have climbed but you have no realized gain nor subsequent tax to pay as yet.
None the less, GOOD catch! I got into John Deere at about $30 and am watching patiently for $80+

Well big deal.........I bought two lake front lots on the moon,....at a huge discount!!!!

Robert: John Deere is still a bargain. $80+ is possible in a couple of years. George

George, good for you and since that post if you were on the site you would have read several times my feelings about only buying ford cars. So to whatever my posts have helped people buy ford cars and driving up thier stock you are very welcome and glad I could help.

All I can say it is too bad you did not buy more. Picking the time to sell and take some profit will be your next decision. Obama would like you to do it as soon as you can he needs the money.

6863m Wrote:

George, every since Obama has bought and given GM and Chrysler to the UAW and maintained Government ownership I have said I would never buy any care other than a Ford. It is easy for me because I have never owned a foreign car or even an American built foreign car. (excluding my MG).

Can I count on you to make the same pledge and buy only Ford in the name of free capitalism. It will also help your stock.

GOD Wrote:

Chuck, you must have bought DE all through the Bush administration. It went from 18 in 2000 to 93 in Jan 08. It went back to 28 in Feb 09 and is now 38.

You must have been timing those buys and sells well. Good job.

Richard: You are incredible! You recommended not to buy FORD STOCK (I repeat, FORD STOCK), because of Obama's policies, unions, taxes, etc, etc. You recommended this, JUST when buying Ford made sense. You were wrong. Full of “it”…

This is just an example of you pretending to know what are you talking about and in fact not knowing a thing. In economic matters you are just another clueless guy. Nothing wrong with it ... unless you pontificate as you do.

In 6 months I will give you another update on FORD.

-------
Chuck: how did you do make 60 K on John Deere? in mid 2006 the prices were more or less about the same as they are today!

Best,

George

George, I would not have bought Ford stock at the time I posted my opinion. I can't change that opinion. I did not buy the stock for the reasons I believed were accurate. I also said I would only buy a Ford car. I hope that my decision to only buy Fords is followed by millions of people. If I see that they are listening to me I will then buy their stock. I will only buy it if I believe they can make a profit on the cars they build. Not based on taking a winger on a stock as you did. It worked well for you. Good for you.

Now you still haven't told me if you are one of us and will only buy a Ford. If I can bring you and others onboard we will do well. But if I can't get even a triving capitalist like yourself onboard why should I think the plan will work.

6863m Wrote:

I would not have bought Ford, GM, or any other auto co for all the reason Richard mentioned and many, many more. Ford was a pure gamble play. Sometimes they work, sometimes they don’t.

You beat some long odds and got lucky and now you want a medal and to rub salt in Richards face.

Bet you $100 you would never do this in person.

How bouts acting like a real man and graciously accept your luck instead of bragging.

Your Moma taught you better.

Now, if you are feeling really lucky and want to gamble go buy Freddie Mac (FRE).

Come back in 6 months & send me a private note to thank me or cuss me but dont act like assho&e braggart.

6863m, put this into perspective....you are arguing with GOD.....even the Rev Wright can't lay claim to that accomplishment.......the question of right or wrong is superflous. Print out this thread and contact Evan Thomas of NewsWeek and dispute his proclamation that Obama is GOD. Then with this over whelming publicity that is sure to ensue, put it on Ebay, rake in millions of dollars, then post an apology to the real GOD right here, give him a few bucks to shut him up then deposit your good fortune in the bank. You have been blessed.

Don: Every investment in the stock market has some gambling component. But a bet could be well informed. Since I know about economy as much as you or Richard (I mean nothing) I go to an expert and a friend who has advised me for years. Thank you for your interest in this post.

Best

George

6863m Wrote:

GOD well share his name....I wisely put my life saving with the biggest bank in the state.....(who could know more about the economy?) CoMerica......now that my wife and I have lost appx half of our life savings.....I pray to GOD for a name of a investment guy......

cstrong45 Wrote:

GOD Wrote:

GOD Wrote:

wyatt Wrote:

George, I am not a broker and I was making comments on a site and giving an opinion. Based on the stock and what you made I did not have it right on whether is went up or down. I would guess my average was about as good as the professionals. Not apparently as good as your advisers and I am honestly glad you did not listen to me.

The other issues were somewhat tongue in cheek and I am not good at being light hearted when I offer posts. I don't recognize jokes and I can't tell them.

Buy any car you want when ever you want. I can only affect my wife's choice in cars because I write the check. The rest is all "take it for what it is worth" and that does not go far.

If you are trying to just keep going back the the comment to somehow imply and prove I am incompetent, as a stock picker I am and the rest I leave that to you and those who read my comments. But I do not delude myself to be a great writer nor an expert on anything except maybe building very large ships.

Beyond that I concede that you and may others are much brighter, smarter and you are a significantly better stock picker.

6863m Wrote:

George, I don't agree with much of what you said or care but I do agree with the advice of your broker Benoti. If the site is nothing else it is a place to introduce a subject and then a boatload of people give an opinion based on what they read and how they understand it. I don't know of many experts on every subject but I would guess we get a few. But that is what it is and nothing more.

And we will never know whether the Berg lawsuits were right or wrong on the Obama eligibility issues. The facts were never investigated or proved or disproved. It was an opinion based on facts conjecture and research. Obama isn't talking and he is not releasing any further documents. So we will just never know. But it was interesting.

6863m Wrote:

Come on people...Let's not mistake luck for intelligence. Any idiot can speculate but you never hear from the ones who lose money now do you?

I think George needs some rabies shots.

Jesus George, it must be nice to be so incredibly logical and everybody else is so muddled in their thinking! Wow!

Richard has always qualified his statements and has never been one to claim special knowledge about any particular topic. He has a wealth of knowledge and experience that many of us here appreciate.

You however, wait until you make a few dollars on a stock then come back and yell "neener neener I was right!" like some pathetic school kid. I have been reading this forum for a couple years and Richard has never stooped so low. Congratulations.

I just re-read the original thread. Chuck asked for opinions about Ford. Lots of people responded. Richard gave his opinion, the (resaonable) basis for his opinion, and a disclaimer:

"Only my opinion and I hope I am wrong but I calculate that I won't have much of a loss of opportunity."

Where is the arrogance in Richard's original response that would justify calling him out by name? Where did Richard say he was an expert of any kind, or state that he had any influence on anyone else? Then George asks Richard "Again Who do you think you are? “Delires de grandeur”? This from a person who calls himself GOD and freely admits he leaves investment decisions to an adviser and doesn't understand the market himself. So your gain was dumb luck, emphasis on dumb.

I have to admit George, I have not seen this level of pettiness since I graduated middle school.

But there is some good to come from your thread. Based on this thread and your previous works on this board, I'm designating you the North American representative of the Order of Troth Lollies. You and our pal from Oz are the only two members active here, so decide among yourselves who should be in charge.

Geroge, you said you would check back in six months. Let's make it a year or more.

Thank you Jay. Glad you like the post.

Seriously. No need for so much agitation. Richard, as well as Don and the guys advocating for buying ammunition and automatic weapons, were wrong on this issue as they are is in many others. When Richard said that he hopes he influences millions on buying Fords either he is kidding or he actually thinks this forum is a “National media” and he a national voice or expert. I am just saying that he was wrong when stating that because of the government intervention in the industry and the unions, Ford was not a good investment. My advisor – an expert, unlike Dog or Richard, or you or me—thought that was baloney. I invested and it appears that Ford was one of the bests investments in March. So my bet is that Richard and the others wrote about this issue with the same fluffiness that when he writes about the president being from Kenya, or when other members talk about public healthcare with the arrogance only possible when you actually know nothing about an issue. Richard does not need a knight. A knight from Missouri not from Texas. You see, you made a mistake on your registration too. I forgot the dots between the initials, you confused MO with TX.. In any case, Richard is quite able to write and argue, and you make him look like a bullied kid crying in a cormer in the school yard. He is not. I assume that most of us are grown people, some even retired and with enough time to engage in these discussions. I am not offended by your remarks, and I hope you are not offended by me asking you to cool of a bit.

Best

George

This corner of this site is my bar stool. All opinions welcome, informed or not. I'll always call out boorish behavior. Richard and I disagree on a number of issues and I respect his opinion, especially when I believe he is wrong. I'm not defending Richard, I'm trying to defend this board.

George, what was illogical. I await your logical response.

What seemed illogical to me was Obama spending over a million dollars in legal fees rather than just producing the documents requested. But it might make sense to you. To be able to do it because it wasn't his money would not make it logical.

I think I would have done what McCain did in the same situation and just make the documents available and put the case to rest. McCain did not have to make them available any more than Obama but why spend a million dollars.

What is illogical – and maybe in bad faith—is alleging nonsense and asking somebody to produce a proof against it. That is what is called argument based on “indeterminate propositions.” Let me give you a couple of examples: Let’s suppose you say I have been in Rome. How the hell I am going to establish that I have not been in Rome? Showing where I have been every one of all the days of my life? Another: a nutcase say president Obama has sold secrets to China and that this has not been disproved. How anybody is going to contradict something like this? Doesn’t the person who alleges the indeterminate proposition have the burden of proof? Another example: a person says that “Intelligent design” has not been disproved as a valid theory. Doesn’t that person have the burden to produce evidence? What if I say that you are addict to pornography? Should you have to produce any evidence to the contrary? Of course not!

You have devoted so many posts to imply – without any evidence – that the president (then a candidate) was born in Kenya… what was the idea?. Then you decided to write alleging that the available copy of the birth certificate was a copy and not an original. It did not matter that the copy was authenticated, and that many interested parties examined this issue. The only important thing for you was that the president hired some lawyers to stop a nutcase that was making allegation --indeterminate allegations (i.e, that he was born in Kenya)—and that that allegation had not been disproved. That, Richard, is quite illogical. Since you seem to be an educated man, then the whole charade of repeating this again and again becomes really weird.

Other member prognosticated racial tensions escalating to the point of racial war, Michelle Obama influencing the politics of the office with radical anti-Americanism, etc, etc, etc. You have been so receptive to all this crap that I have to conclude that you have been thinking with an evident lack of sound logic.

With the Ford example I wanted to remind you and Don, and the guy stoking ammunition (and that other guy stoking water, rice and weapons in his garage in anticipation of the Obama Armageddon), that while all of us have opinions and prejudices we should be aware of the limitation and unfairness of those opinions and prejudices (even if we hold them dear to our hearts).


Best

George

George, you miss the point. Your example of going to Rome is appropriate. If you went you would just provide the ticket stub and the planintiff would check with the airline. End of porblem. If you had the stub why would you spend a million dollars to hide the stub. It would be illogical for you to spend a million dollars to hide the stub unless it showed you were traveling with a mistress.

I think you are right that the burden of proof is on Berg. But in normal situations the plaintiff I would think can get certain data in discovery to help him prove his case. In the case of Obama he did not have to provide the data. Not because it was protected but only because the court said Berg did not have the right to bring the action or ask the question.

But right or wrong even such a logical person as yourself have to agree that Obama proved nothing, he did not have to and did not. He won in the court.

I did not bring this up you did. It can not be proved right or wrong unless Obama submits the data and he will not so it is moot.

Keep a very close eye on your Ford stock and be ready to sell it the instant it starts to go down. Sell it no later than 5% off its peak. Ford stock is not just going to keep going up. Their truck sales are way down this year.

Buy low, sell high.


(MarketWatch) -- Ford Motor Co. on Wednesday reported a 10.9% drop in June U.S. car sales to 155,195 cars and trucks, down from 174,091 a year ago. Ford, Lincoln and Mercury brand cars slipped 17% to 54,040 while truck sales fell 7.7% to 94,113. Ford said it expects its year-over-year decline to be the lowest among major automakers, leading to a 3% market-share gain vs. the same month in 2008. Ford also announced plans to increase third-quarter production by 25,000 vehicles to 485,000, a 16% jump from a year ago.

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Another VERY important detail that you will want to take note of. Ford's stock right now is about the same as it was a year ago. It has risen much faster than just about everything else. So it is going to be leveling off over the next few months, not going up the way it has for the last three months. Much of the reason it has risen so quickly is because of bubble-buying. That is not a trend that continues.

I am not sure that you are correct when you say that Ford is still underpriced.

Most other stocks are still way down compared to where they were a year ago. It would be a good idea for you to think about taking your profits from the Ford stock and putting them into another company that is still way down from its 12 month peak.

GE, like Marc said is a good one. Now is an excellent time to be buying GE stock.

The market peaked about the beginning of June and is slumping again now, probably based on the latest employment report.

If I was you George, I would sell all of the Ford stock TODAY, park it in cash for a few weeks, then put it into GE or another strong company which is still way off its peak.

I am NOT going to be buying a Ford car soon.

Here is an excerpt from the note I wrote to Chrysler this morning.


"If you ever want me to buy another Dodge car again, build me a mid-size car in the 3000 to 3500 pound range, with a zippy V6 and a 6-speed manual transmission. It must be rear-wheel-drive. It must be sleek and aerodynamic. It must get at least 35 mpg, and 40 would be even better, and easily doable with direct injection and variable valve timing. It must be beautiful inside and out, possibly with looks similar to the Stealth/3000GT, but with more of BMW 3-series proportions. In fact, the BMW 3-series is pretty much the perfect car, and so is the Nissan/Infiniti G37."

If you want to stay with Ford, I would move your money from F to F-A or FCJ because they pay dividends.

Keep on dreaming mud, you wont get the mileage you want from anyone.

Personally, I dont see why anyone would buy a Tundra or a Titan when they can own a Ford with a Triton V8 or V10.

I would favor a quota of foreign trucks in this country and it would be tit for tat, they have to take the same amount of F 150's or Chevies into Tokyo as they deliver to LA.

Anything else is just whistling Dixie.

If you are prepared to sit on GE go ahead and buy it. It has cycled around 11 or 12 a share for quite some time and has not shared in the feel good bump.. Dont forget GE is big in leasing,,you know finance? The big jet engines that they build will help alot but until quantities are delivered, its just wishful thinking for them.

I almost have that mileage now, with a carburetor. VW is going to blow that number away in the next few years.

I am also building a highly modified Geo Metro in my garage, looking for at least 75 mpg on the highway.

MudSnow Wrote:

GOD Wrote:

Most of the time, I drive a 1981 Mitsubishi Galant Sapporo. I get high 20s in city and 31 on the highway. It weighs about 2700 lbs and is a very comfortable car with a decent trunk. It is also rear wheel drive and fun to zoom over the mountains with.

My first Mitsubishi was a 1981 Colt (Plymouth) which got 37 in city traffic.

My 1993 Geo got 55 before I started modding it.

My parents' 1995 Camry gets 35 on the highway.

MudSnow Wrote:

You are going to see a lot more cars with direct injection and variable timing in the future. Those both help a lot.

VW and Audi numbers are going to be going way up with TDI.

Oh, and I favor letting customers buy what they want to buy, and if it wasn't for Japanese competition, Ford and GM would still suck donkey balls. :D

Richard:

Regarding your question. I am talking about the logic that informs the burden of proof of indeterminate and determinate allegations. You and others here seem to ignore this.

If you say that I have been in Rome you need to prove it. I can not prove that I have not been there. If I say that you like pornography I must offer proof of it. You must not be obliged to offer evidence against my assertion. If a nutcase says that the president was born in Kenya, the burden is on the one that affirms unsubstantiated propositions. But you kept going on with this despite the fact that there no proof about that allegation. The idea that if something has not been disproved can be alleged against somebody is illogical. There are many grounds to oppose president Obama’s policies beyond one’s prejudices or beyond cheap gossip and deceit. Calling him Opie, like Don’s do, or communist what it is if not illogical. What do you think about sugesting that Obama sold military secrets to China... logical? no. I do not think so.

Best

George

George, read my post about Obama considering selling stealth technology to China. I think there are two and they say it all for me.

cstrong45 Wrote:

MudSnow Wrote:

GOD said........"What do you think about sugesting that Obama sold military secrets to China... logical? no. I do not think so".

nope...that was Clinton....