Monday, March 18, 2013

(Blog 3) Automotive - Dodge

 Harry Khachatryan


The Auto Stock that I am researching about today is Dodge (DODGX). They are currently down 0.97 dollars per stock which is about -0.71%. However they are doing really well compared to their last few years. They are at the highest in last 5 years and in the last 6 months they are going up. Today, "Chrysler is telling owners of about 2,500 Dodge Challenger muscle cars with V-6 engines not to drive them because a short in a wiring circuit can set them on fire." (http://www.cbsnews.com/8301-505145_162-57574876    
/chrysler-recalls-dodge-challengers-for-fire-risk/). There were already 7 fires that occurred and Chrysler is telling owners of Dodge Challenger's to not drive the cars and park the cars near a structure until the problem is fixed. This can make the value of the stock drop. My projection for DODGX is that it will continue to drop within the next few days very rapidly. This stock wont to my teams goals because  we are going after Blue Chip stocks and we are willing to take risks.

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