09-13-2018, 01:10 PM
(09-13-2018, 12:15 PM)fenders53 Wrote: F is speculative for sure. Any automaker is currently risky. GM is sucking wind too. The whole industry is so cyclical and you have to be a fool to not trim positions during good times. TESLA trades at about $300. Do they even have a PE? Ford made more actual profit selling the Model A 90 years ago.I'm just playing Eric. I'll share my F basis and we'll talk about this in two years. F dividend will almost surely be cut in 2019. I'll probably chicken out and just sell puts now to lower my basis even further. I keep my speculative plays at less than 3% total portfolio. As I said I am NOT suggesting anyone follow in my path. But I will be sure to brag if it works out. Fair enough?
Not going to fault anyone for making a spec play or two. Best of luck with the buy, we'll check back in on this in 2020!