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Ford Motors (F)-Who is selling

PIGS GET FAT, HOGS GET SLAUGHTERED, BE A PIG!
February 10, 2010
Ford (NYSE:F)-Updated
Many of you have been emailing me privately asking about why Ford has been going down while Toyota is going up. Truly I can't understand why Toyota would go up other than Technicial's or a oversold situation. I think it has much more to fall from here and will break $70 soon.

Ford has been trending down since it ran back over $11 and people have asked why. Well first I showed everyone the trading range on the chart.

http://stockcharts.com/h-sc/ui?s=f

As I explained we saw a double bottom in the $10.80 area however the short term trend is down because of lower high's and lower lows.

Today Sagezeke sent me a 13G filing. For those of you unfamiliar with this SEC form it shows ownership and must be filed when selling stock when you are a material owner. Thank you Sagezeke!

Below is the amount of shares VEBA recieved from Ford. 362,391,305 is the total amount on 12/31/09.

http://google.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHtmlSection1?SectionID=6981851-1265-15411&SessionID=lB_wHv7XX3GjJl7

Unfortunetly I can't link the PDF for you that Willard sent but here is part of page 2.

Here is the filing though http://www.marketwatch.com/investing/stock/f/secfilings

CUSIP NO. 345370860 13G PAGE 2 OF 8 PAGES
1. NAME OF REPORTING PERSON: STATE STREET CORPORATION
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 04-2456637
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
NOT APPLICABLE A __
B __
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
BOSTON, MASSACHUSETTS
5. SOLE VOTING POWER
0 SHARES
6. SHARED VOTING POWER
386,301,461 SHARES
7. SOLE DISPOSITIVE POWER
0 SHARES
8. SHARED DISPOSITIVE POWER
109,475,737 SHARES
9. AGGREGATED AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
As you can see 109,475,737 were filed to be disposed of. The amount of total shares owned is almost the exact amount received. The filing shows it not as VEBA but as State Street Corp.  who is the administrator for VEBA.

What you have is 109 million+ shares hitting the market or being crossed with another institution that wishes to own Ford. Some of those shares will hit the open market and many will be disposed of though a "Stock cross". That is when you have a larger seller and they negotiate typically at a discount to the current PPS by the Specialist of that stock in what's called "away from the market". Meaning it is not on the open market. The negotiate the price privately. Happens every day.

This would answer the question as to why Ford has seen so much pressure. Today at 15:52 there was a large amount of stock on the sell side of Ford. A large volume sell spike will not tell me if this is a cross. I would have to look and see that in time and sales.

Based on today's volume though they are not done selling. Once they are it will relieve a lot of pressure.

This also shows the power of and point of this blog which is based on community and people talking to one another. I've invited several of you to email in your idea's or writings to be published to help everyone. We all have something to contribute. Yes two minds are better than one.

Remember: Pigs get fat, Hogs get Slaughtered. Be a Pig!

And check out the Ford hats. Pretty nice huh.



Disclosure: Long calls, Long Puts

Disclosure: Calls and Puts