Joe Terranova Burned By Ford (F)

On June 3rd, CNBC Fast Money's Joe Terranova recommended investors to buy Ford F. He thought that Ford's (F) fundamentals are improving, and stock looked like it has bottomed out. Since his recommendation, Ford (F) dropped more than 8%. Joe Terranova believes that large money managers are liquidating their positions in this stock, as they are preparing to buy General Motors. He added that he is not thinking about Ford (F) any more, and he is focused on General Motors. Ford Motor Company F gained 2.17% today, and closed at $10.85. It had a volume of 50.73M shares.