Boeing is in some serious problems. I don't know much about the actual fundamentals, but it seems like their 737 planes are falling apart and that they will halt production. It's the largest US exporter and has the highest index weight in the dow jones index. Allegedly no lay-offs. Probably better said, NOT YET. Boeing is going down for sure and it could take whole market with it. 30% market crash is coming in 2020. My recommendation is to start investing heavily into put options with 1year expiration date and 2250-2600 strike price.
It will take you very very long to be profitable in trading. although the news have been rather bad for BA, the support level is still holding. perhaps for the start, stop creating new threads. You have created tens of new threads recently. It will cause great harm to those newbie traders.
I disagree that the 737 planes are falling apart. The old 737 has a better safety record than Airbus planes. The new 737 Max has one design flaw that turned out to be a single point failure. I think once they fixed it, the Max should be as reliable as the old 737. Boeing's problem is management credibility. Instead of admitting their failure after the first crash, took the position of assumed the best and hope for the best. Companies that successfully steered through disasters always assumed the worst but hope for the best, e.g. JNJ during the Tylenol crisis. That said, it is a great company and it will survive.
They are halting production of 737 and ryanair is grounding some of their planes because of cracks in the wings or something like that, i saw the article earlier, but can't find it now. All of you here saying i'm just throwing ideas, you are 100% right. There is no setup on the chart just yet, but i can easily see us dumping to 2500 and 2200. And boeing is going down 100%. Their planes are crashing and falling apart, you think the stock is gonna pump? LOL. Higher timeframe chart looks like crap, all things considered, i would say it's very well justified. You all are getting mad at me, the more salt in the comments, the better odds of me being right. Pump&dump of it's finest I'm not going to argue any more, i regret having posted anything already because it's nothing but salt around.
you are right will be sub 300 very soon only thing propping it up are the etf indexes. great time to sell
The problem is specific to BA. Playing an "inevitable" total market crash based solely on it's(BA) weighting in the various indexes is just stoopid. It is certainly a short-term trading opportunity in BA itself, but extrapolating that to an entire market "crash" is a personal bias problem for you: a false confirmation, bias.
actually it is thinking outside of the box and understanding that small changes with 1 humongous company can be the cause of concern and risk across all 500 spy stocks. RISK IS Risk and now adays with everything modeled efficiently all it takes is one little issue to set off the cascade. As boeing drops in price though it weight on the dow will drop also since it is a price weighted index so at least you dont have to worry about that. currently is is number 1 with about 7.8 %