Hartford Capital Sells Ford Stock Plunge

[Wally]

Wouldn't want to be holding stock with this happening

Ford Plunges to 36-Year Low
VAO News 31 March 2010

Troubled U.S. auto giant Ford Motor Company is running into more trouble with its stock plunging more than 98 percent in Wednesday late trading, to hit a 36-year low.

The drop came as documents filed with U.S. regulators showed Hartford Capital Appreciation A sold all of it's 2.4%, while it's sister Hartford Capital Appreciation HLS IA sold it's 0.77% stake in the company.

A Hartford source cited profit taking ahead of an expected major correction in the markets. "Ford stock has been the new dotcom stock since the crash", the source said, "the fundamentals are in place, but equity debt ratio (EDR) has not changed from junk status and we owe it (to our shareholders) to sell down before the bubble bursts" he said.

Hartford are rumored to be cashing up in anticipation of an imminent IPO to select institutions of GM stock, underwritten by the Obama administration with guaranteed 2% above market returns in exchange for debt absorption.

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http://www1.vaonews.com/english/news/a-13-2010-01-04-vao49-68786637.html