I don't own any auto stocks. I generally tend to buy less mature companies that have higher odds of beating the index or a mature company down in the dumps that can recover and pay a nice dividend. I'll consider selling any of my stocks if their workers unionize.
During the last bear market, I considered Ford as it didn't take a government handout.... but instead I added money to or bought new shares of most of my stocks with Agilent, ALTR, AMAT, C, GE, FDX, FNSR, PFE & UTEK, to name a few, getting notable chunks of cash.
FNSR and GE got buys nearly the day of the 2009 low. I remember the morning I bought was one of the few nights I didn't sleep well so I decided the way to combat that was to go shopping for stocks.
In hindsight, Ford did just as well as Finisar so I feel redeemed. :)
I also remember thinking GE had Buffett backing so if they ran short of cash, Buffett would probably step in while Ford could follow GM and be stuck with government ownership and illegally forced deals favoring unions over bond holders.
Interesting how closely F and FNSR track since the bear bottom. Finisar had greater volatility so better for trading around a core position to lower cost basis. I could easily be on house money with Finisar now... but I added again on the latest weakness.
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