Ford Drops on False News

Earlier today, CNBC incorrectly reported that Ford ($F) was going to post a loss for 2011.

The stock plunged about 35 cents in a matter of minutes. As you can see in the video, the reporter corrects himself and notes that Ford is only reporting in its Asia-Pacific and Africa region. The company also said that it expects to report earnings of 26 cents per share for Q4.

This is yet another reason why I steer clear of day-trading. Shares of Ford are currently off their lows of the day.

Posted by on January 10th, 2012 at 12:19 pm


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