BA - going for 85-90% dropHello everyone, right now the Covid - 19 started this drop, but we are going further into a crysis. This is so far the biggest drop ever in history of BA. We are looking around March - May for most likely 40-30$ to get into a big LONG position. This is could be once in a lifetime opportunity, so keep an eye on the price. We are most likely going to see correction soon to the upside for 1-2 months, because we had way too big drop, plus in a few months there is a big possibility that there will be found a vaccine for Covid - 19, so this will trigger correction, but don't let it fool you, we are in a financial crysis and usually those last from 1.5 years to 2 years. Make sure you have cash for next year, this is a amazing buy next year!
Boeing
This $BA selloff has been on for the history booksBoeing, which was a leader of the DOW on the way up, is also leading the way down in dramatic fashion. To put it into perspective how bad this had been, the two horizontal blue lines represent the two 737 crashes, and after the March crash all 737 Max planes were grounded; afterwards Boeing started to trend down, making lower highs and lower lows. The red horizontal line is when WHO deemed this Corona virus "COVID-19" and since then its been nothing but bad news.
Taking a look back in time at the 2001 dot com crash and 2008 financial crisis, both had similar retraces, but over a much longer period of time. The retrace we are experiencing now is much more aggressive than the other two; last week we had 224 million shares sold, by far the most volume this stock as ever seen.
Going forward, I expect more volatility, but I'll probably be looking to DCA into this company once it falls to the .618 fib at around $60. They're a company that's "too big to fail" if you will. BA accounts for 2% of total US GDP alone, employee ~161k people, have multiple defense contracts, and is a poster child of America.
Boeing BA - Opportunity of a lifetime?Flying from London to Barcelona for 20$?
Flying from Berlin to Rome for 15$?
Gone have the good old days of flat-rate flights. Travelling has once been a luxury and my impression is, that it will be a luxury again, very very soon.
I am not sure if Airlines such as Ryanair, Easyjet, Wizz Air, Scoot, Tigerair and even bigger, national Airlines are going to survive the Corona Virus.
In regards to climate change and our nature, Covid-19 may have hit our world at the perfect time.
Target for Boeing? 40$
Happy Trading!
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
Maybe you can grap some fruits toTrading is not about being right or wrong. Trading is not being in the market all the time. But it is a response center where you check your analysis. Do you want a infinite cost to check if your analysis is wrong? Then don't use a stoploss. Do you want an infinite return which could possibly turn into a loss due a long period? Or do you want a set goal which is hit?
Trading is not only analysis but also your mental state. Mental control or mental analysis is what makes you a winner.
NIMBLING in the stock after a HUGE drop from 320 strong supportStarting with very low investment for long term investment I am very scared that this may go burst as the combination of the Max woes and the loss of clients because Airline will implode is a fatal blow to BA
But hey I am still dipping a tiny amount to play with in case this whale is really too big to fail and we see a sharp rebound after today 20 % dip
I ALSO BELIEVE THAT THE EX CEO SHOULD BE CRIMINALLY PROSECUTED TO HAVE ENCOURAGE CRIMINAL NEGLIGENCES AND FRAUD AND CHEATING WITH THE MAX PROGRAM , for Ruining investors , for putting the company,y at risk of collapse and the company should sue the CEO for clawing back all the bonuses and rewards and share packages since he took over as now the share price went dam to the level he took over and the huge rise was based on smoke .
Just my views until they/CEOS don't pay personally this type of behaviour will continue FOR EVER , this is like a free lunch for them , get all the upside and none of the downside
SPX to 2300 before major bounceThanks for viewing,
I am of the view that the major injection of liquidity will cause a short-term minor bounce and then downward again. There are major issues with consumers withholding spending, goods can't be made, can't be shipped, and people won't buy them. Liquidity can only minimise the second-order effects of that (delay or defend against bankruptcies). No demand, no supply, but record levels of liquidity.
If you think the worst is over and Munchkin can solve the issue by printing extreme amounts of currency and making a couple of TV appearances, then you should buy. If you believe Jim Cramer, you should buy. If you see how these steps are going to compare to a stream of the ever-worsening news of (I am very sorry to say) an unfolding human crisis then you might see further downside as more than likely.
A little tid-bit of the heartbreak presently;
- There is a video of an Italian newspaper that has 7 times the amount of space devoted to obituaries as compared to a few weeks ago,
- Lombardy (a very wealthy region in a developed nation) is not treating suspected COVID-19 patients over 65 anymore (or patients under 65 that have pre-existing conditions), no assessment, no treatment, and no one attends when they flat-line (no "code blue" crash carts like in the TV soaps),
- Italian Doctors have stated concerns about whether Italy can maintain the functions of a nation state (their concerns don't stop at the hospital door).
Ok, that got a bit dark - but its all true (and music to the ears of Preppers) - how do you think markets will react now that COVID-19 has established a firm foot-hold in the contiguous United States? The average doubling time of cases is 3-6 days so far. I'm scared of how it's going to go and I don't even live there. What is going to happen to Boeing stocks when Seattle and then Washington State calls in the National Guard to enforce quarantines? Look I am not wanting any of this to happen and I am certainly not taking any joy from any of it. Actually, I hope I am completely wrong about all of it.
I may be trading on a break below wave 3 (red line) if I can bring myself to profit from disaster.
Be more like Taiwan (which is a real country - it is not "Taipei and Environs") who ON THE SAME DAY as China announced cases of a new pneumonia to the WHO started assessing passengers inbound from Wuhan. Some countries still aren't doing that. Expect a little more from your elected officials - because their inaction, delays, and incompetence will cost everyday people.
Ok, thats more than enough from me.
Boeing bear market continuesBoeing may reach support below $205 - $180, but I wouldn't like to bet that it will hold in the medium term.
Boeing was in bad shape even before this virus came along, but now the outbreak is getting very serious indeed AND it is worst in the state that they manufacture most air-frames. They also manufacture in California, which is well on its way to a outbreak of its own. I have been following daily updates on the spread of COVID-19 (since before it was called that) since 27th January and it was clear that we had almost no chance of containing it - but the response from the CDC has been woeful so far.
There is almost no question that;
1, The outbreak in Washington State is presently out of control - containment HAS failed,
2, this will significantly affect major manufacturers in the state - Boeing being the largest,
3, There is a possibility that some or all of those manufacturers in Washington State will be forced to deal with a temporarily reduced workforce and may have to down tools in large portions of production lines and may have to shutter whole factories for some time.
4, There also may be major disruptions to free movement incoming (the only avenue really left to stem the outbreak) so there is a real possibility that all Boeing manufacturing operations may at some stage be wholly paused.
Later on down the line, after the spread and the economic impacts has been more of a national scale will we know the full scope of this - in human and economic terms, but a deep recession seems almost unavoidable presently.
I want to be clear that despite the remaining down-side I will not short Boeing. There may be other Companies I refuse to short in the future, but for now I just can't bring myself to short Boeing. This is despite a significant portion of their troubles being from internal sources and that such troubles continue to be mis-handled. Too many people rely on their aircraft being supported adequately for many years to come. I hope that they emerge from this situation a stronger organisation.
BA ON A FREE FALL TO 150 , BROKEN ALL SUPPORT AND BAD NEWS Finally this one breaks down , seems like the virus + airline woes + Boeing woes + economic woes finally got the big guys to let it fall
Start catching it around 150 for long term portfolio , it is still a duopoly and a too big to fail one
Good luck and be nimble
Boeing Bottom?To no surprise, the travel industry has been beaten down more than the rest of the market. Between plane malfunctions, travel restrictions and more, Boeing is way oversold-- sitting down ~40% this month. Entering at the $160-170 range, where previous resistance turned support, should be a 'safe' place to buy for a quick flip.