Bankrupcy
BOEING VIRTUALLY BANKRUPT WITHOUT A BAILOUT This will be one a the biggest financial scandal of all time and a symbol of CEO incompetence , misappropriated rewards and criminal Fraud/ cheating / negligence at its highest level without consequences for the said CEO
This is an encouragement for all greedy CEO to take the highest risk possible to gain short term bonus at the expense of the long term consequences on the company viability
Dennis Muilenburg, Boeing's former CEO, left the company with $80.7 million in pay and benefits, after being fired over two aircraft crashes that killed 346 people in total. Now he can add to this the collapse of boeing
He will be the only one benefiting from his criminal actions and has been paid hundreds of millions for doing it over the last 5 years
He deserves to be prosecuted and sue until he got no money left and his family
Justice need to be made
$TSLA Perfectly on target, but there's moreDo you remember my latest analysis on TSLA? You can find it in the related ideas. I forecasted a sharp fall in the value of the stock with a TP around the strong support level at 278. Well, the stock is now at 279, right on target.
But there's more...
The 279 is definitely a strong support being it the level of the "gap up" that happened on April last year. If volumes are supporting the breaking of such a level, we will surely find the stock depreciating even more. 277$ and 263$ being the next levels to watch closely.
As I always stated this stock is significantly overpriced and the company is not porforming well. It is actually not perfoming since the delivery targets for the Model 3 are way behind of schedule. Line of production being halted, autopilot issues, poor employee management, legal issues and other stuff make this company sink even more.
Analysts are waiting for Q1 earnings that will probably be due in mid April. Elon is a marketing guy. He is a visionare and charismatic but no doubt any informed investor who is willing to dig deeper into financial statements of the company won't buy his "we will deliver millions of M3 in two months" statement if he will ever say so.
TSLA is on the edge of a cliff, it's a matter of time and it will make it's final fall.
As usual, not a trading advice, merely my idea supported by both technical and fundamental analysis.
