The Investment Road to Freedom

January 28th, 2013 at 7:35 pm

Added Additional Shares – Ford

Today I increased the number of shares in my taxable account by purchasing 76 shares of Ford at $13.77 ($1055.47 in total including $8.98 commission). This takes the total number of Ford shares in this account to 100 which will enable me to do Covered Calls. My cost basis in Ford (F) for this account is now $13.61. I also have a further 100 shares in my IRA.

I’ve been wanting to increase the number of shares in my taxable account for a while and even though earnings are being released tomorrow I decided to make the move. The company has recently increased the dividend from $0.05 to $0.10 and has been in an uptrend since August when it was trading in the $9 range.

I will look at doing a Covered Call after the earnings.

    5:38 pm on January 29th, 2013 1

    The Europe side of the earnings dragged the stock down today 4.64%. Ford ended the day at $13.14 but I am not super concerned. I will look to sell a Covered Call when the stock gets back to the Upper Bollinger Band with falling momentum. Until then just going to sit still