This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Keep Your Town Car, Trade In Ford Stock

After my son wrecked the Cobra, I bought a 1997 Ford Taurus, a 1997 Continental and a 1997 Ford Thunderbird, the last of the big version. My son sold the restored Cobra in Florida in 2007. This was the period when I worked for William R. Hough in St Petersburg, Florida. The Continental was my wife's car and the one we drove to and from Long Island and Florida. The Thunderbird was my car used locally in Florida.

In 1999 my wife and I moved to New York City with the Continental, leaving the Thunderbird at St. Pete Beach, where we owned a condo unit. We frequently traveled back and forth between our two homes and in 2004 decided to trade in the Continental and Thunderbird for a 2004 Town Car that I still drive today. This car has 114,000 miles on it and I will not trade it in. It still runs great and I do not know of any vehicle that has a more comfortable ride between New York and Florida.

My wife and I became full-time Floridians in late 2008, and we make two or three trips north each year to visit family and business associates in New Jersey and New York. We now have a granddaughter and grandson in New Jersey and are depending on our 2004 Town Car to make many more trips.

A year ago or so Ford decided to suspend production of the Town Car. I wish Ford would reconsider this decision. While up north I frequently use livery transportation via Town Cars between where we stay in New Jersey and New York, and almost all drivers agree with this plea.

Ford, please bring back the Town Car. Investors, book profits on Ford stock!

Ford Motor set a new multi-year high at $17.67 on July 24. Back in January 2011 Ford traded as high as $18.97 before tumbling to as low as $8.82 on Aug. 2, 2012. The stock has a sell rating and is 41.2% overvalued after gaining 87.7% over the last 12 months. My quarterly value level is $10.52 with a weekly pivot at $16.80 and semiannual risky level at $19.46.

At the time of publication the author had no position in any of the stocks mentioned.

This article was written by an independent contributor, separate from TheStreet's regular news coverage.
Richard Suttmeier has an engineering degree from Georgia Tech and a master of science from Brooklyn Poly. He began his career in the financial services industry in 1972 trading U.S. Treasury securities in the primary dealer community. In 1981 he formed the Government Bond Department at LF Rothschild and helped establish that firm as a primary dealer in 1986. Richard began writing market research in 1984 and held positions as market strategist at firms such as Smith Barney, William R Hough, Joseph Stevens, and Rightside Advisors. He joined www.ValuEngine.com in 2008 producing newsletters covering the U.S. capital markets, and a universe of more than 7,000 stocks. Richard employs a "buy and trade" investment strategy and can be reached at RSuttmeier@Gmail.com.
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
F $13.74 0.00%
AAPL $113.29 0.00%
FB $91.01 0.00%
GOOG $630.38 0.00%
TSLA $248.48 0.00%

Markets

Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs