What should I do with 20 shares of Ford that are up 110%? (Etrade, calls)

[FarNorthDallas]

Sell? Hang on? It's just 20 shares I bought on a whim to see how eTrade worked.

[Oildog]

Depends if you need the money. I usually buy with a plan to hold for a year, reducing the capital gain tax. Will sell sooner if market conditions dictate.

[treasurekidd]

I'd hold on to them. I see them running to $24-$25 this year, more if they reinstate a dividend. JMHO of course.

[Currency Pair Crocodile]

Originally Posted by FarNorthDallas

Sell? Hang on? It's just 20 shares I bought on a whim to see how eTrade worked.

Buy more Ford is strong.

[FarNorthDallas]

Yeah, I'll probably hang on to the shares. I don't need the money.

[gen811]

Man only 20 shares? not good enough. buy at least 100 .

you can at that point covered calls on them to generate income if they are flat.

All investors should try to buy in lots of 100 and try to sell options on them to lower risk imo but that is just me.

Please go research about it.

[darrell2525]

Originally Posted by FarNorthDallas

Sell? Hang on? It's just 20 shares I bought on a whim to see how eTrade worked.

Well, first look for another company to buy while you are holding FORD. You always want your money making money for you until you have a better investment in another company. Once you found another company worth investing, then sell Ford and buy the new company. And keep looking for the next buy.

[Lakewooder]

I'm a big believer in FORD and my late Daddy taught me never to sell unless you must - not sure if that will still work these days but it certainly worked for him!

[treasurekidd]

not sure if that will still work these days

It should with this stock. Ford is making ALL the right moves these days, and I personally don't have any faith at all in the "new" GM or Chrystler.

[cw30000]

sell it and go buy yourself a good meal