Late Mid Day Report

So far today has been pretty much expected, Ford has gone down looking to possibly close .70 down from the open price. I would still hold off till it is in the $3-$4 range, then you can possibly buy back in. I am going to be waiting till I hear some more news from them.
An interesting stock to take a look at would be (GE). Not only was it down today but it announced it would be starting to produce batteries, take a look here. I think GE would be a long term growth stock, it will take time to get back up but it is a good buy at the current price of $13.44.
Now for future lookout for everyone, watch the Financial Sector. One of the riskiest sectors in the market but also possibly the the area with biggest profit potential. Keep an eye on Citigroup (C), Fannie Mae (FNM) and Freddie Mac (FRE), and AIG. Wait for these stocks to go down, which for the last couple of months they have had a trend. They will rally like they did last week and then go back down. Wait for them to go down and then you can buy into these. These companies will not go out of business but the odds of FNM & FRE going up and past $2 is unlikely for this year and probably not till late next year or 2011. They will continue there trend and cycle of going up and down. Currently they are at there high point, they will go back done and once they go under .60 or lower I would strongly recommend buying in. They have the potential to go down to .3 or lower. So watch and wait for FRE & FNM to go down.