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DRIV - Ford: A Fool And His Money Are Soon Parted

Global X Autonomous & Electric Vehicles ETF
  • A buy limit order I had set for Ford executed Thursday at $12.25. This was the third of four tranches I’ve purchased for the position.
  • Wells Fargo did me a favor by double-downgrading the stock and slashing the price target from $24 to $12.
  • This caused the stock to sell off hard Thursday, triggering the Buy limit order. Even so, the stock has bounced back nicely today and is up nearly 9%.
  • Sometimes it pays to have a contrarian mindset and buy a stock at the point of maximum pessimism when others are panic selling.
  • In the following piece, I explain my thought process and lay out the contrarian bull case for Ford.

For further details see:

Ford: A Fool And His Money Are Soon Parted
Stock Information
Company Name: Global X Autonomous & Electric Vehicles ETF
Stock Symbol: DRIV
Market: NASDAQ
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