Time for a Stock Fiesta?

" Today investors certainly on board today. But our next guest was way ahead of the curve. He -- CEO Alan Mulally has been able to navigate the ship through very rough waters so he jumped on the stock. Several months ago joining us now Jeffrey spot -- general partner and portfolio manager. At prophecy asset management. He also is the co author of the book master trader. He wrote chapter eleven specifically. His fund has a significant position in Ford's daughter viewed position one of your biggest --"

" It's double digits but the missiles. -- look we're having a great month and a great week. And I gotta tell you -- you're so far. Ford. Is as really turned around. It's a completely different story from the other two carmakers. But he gets thrown in I think for the most part people perceive they don't take a lot of time to really dig down and see what's happening at the company this turnaround that's been happening to."

" Today is five dollars and eight cents at what price did you buy it at its lowest."

" Boy the lowest I mean a dollar seventy I'm probably average ignorant to seven days ago."

" After extended to seven you've got some great gains here yeah. So do you Celtics of profits off the table didn't know not a believe this is a story that we'll continue."

" Yet there's so many look portfolio managers are behind the curve they're they're not going to do work within what 3% of going positive on the S&P they're looking for ideas to get him. When you look at the number of institutional holders that own the stock now that's one of things that we look at their only about a 160 institutions. Verses about 450. Back in 2005. So everybody's out of the stock. So I don't see why you have to one of the reasons why it wasn't making a new low back in March when the S&P hit 666. One of the reasons was this a lot -- sellers has a lack of -- hands in the stock you now have -- buyers."

" Jeffrey we have big believers in in at least Alan Mulally is leadership since way back at me I'm talking more than a year and a half back but. Talking specifically about the fact that they're not selling a lot of cars right now that absolutely cut down on our cash burn rate. But -- am just wondering should we be getting sucked into this this idea that in the land of the blind to the one might benefit her birth or maybe what I think they're not hold site at -- point."

" I think he's executed great. It just so happens that the environment where he had an economics in the tsunami watch out your sales by 40%. You can still be able to to get through this and it takes a while to turn for the big shipments were kind of into the gulf -- getting Malone on board."

" And for him -- folks don't forget built Ford. Took himself out thinking he was running the company he have to say I'm not the kind of -- the chairman now. You did not see that at General Motors with Rick Wagoner the government have to effectively moved him aside but let me -- specifically. Ask -- about Ford Motor credit. Does it have to become a bank by the end of this year because it looks like Chrysler or GM will go bankrupt that'll hurt the auto supply chain which if you listen to Ford."

" It would hurt for that would hurt Ford. Look I'll leave it up around to hear what he wants to do with that one I'd like to focus on -- top line. New product introduction things like that that's kind of where are looking I think a lot of this -- past history it's been discounted. I don't think it everything's been baked into the stock. So I'm looking forward to the new products especially the Ford Fiesta that's coming out your daddy figure adding to your position. And any -- now consumer right now I don't got a lot of looking you know I've been out and -- been out walking around talking about Ford now you've been talking about work. It's had a nice run. I think short term maybe C seven box I think eventually though. Down the road I would be surprised to see this as a new Dow component replacing a government general."

" Really -- what GM I have worked surprised that it's still holding on there because it is affection is effectively a company that's been floated by taxpayer money. As a city."

" That thing's been run elected government agency. Bloated I mean they bought and they by Hummer I mean when the G -- was buying that. When the market was going the other way. Had a -- at a crazy price. I just don't think that they didn't have the wherewithal or the will to go in in re change BO -- Seeded new direction Fortis taking do you brought before. I don't but I am going to trade in the BMW for fiesta a."

" Yes I am are you why are you I'm not lying I swear -- ago. I think we have some pictures of the fiesta because this is an interesting aspect here here's the Ford Fiesta is -- you gave this collar. -- I'll get this hour I look I -- much money enough -- I'm still buy one right hey if the color corporate conduct that's five why not let. My goodness. I listen nobody's giving lease is on this thing what hope like -- and I don't think agree. The Ford Escape hybrid it."

" Getting a lot of traction. It is you know it's interesting to assist workers holding their market share."

" City this is the first time in twenty years and don't enable it until something called conquest. Where you're you're actually -- conquest over GM. People who who used on GM's they're trading have been and by forces that -- I don't know if that would if it's cold that I have talked to many Ford dealer Ford dealers."

" And what they're hearing that people are coming in with their view of course of the Christ of course even there imports. In the actually admire the company. For not taking government money in the trillions into the brain and."

" Okay we'll bring you back when you by the -- the passive approach a couple of outlets and out without whatever the FF FFF good to have it yeah they are threatening a."