Boeing Plunges..People Don't Wanna Fly on That Airplane Any More
Unlike some bulls who have thought that Boeing's stock has held
up very well in the face of all the bad news since the 2nd 737 Max Crash, loss of over 400 lives,
comes the rather unimaginable news that Boeing's management
knew of overriding risks, and either failed to timely pass them on to buyers,
or exploited them for an additional software upgrade
that would cost airline's much more $ if they wanted it includedin their brand new 737 Max deliveries.
Today, as they say, the sh.t finally hit the proverbial fan,
and Boeing plunged almost 4% in a single trading day,
taking out 2019 lows, and then some.., before closing at 357.23
I have been overwhelmingly bearish on Boeing, since the second crash,
and have written numerous posts, telling any reader who cared,
and that this was a stock to avoid at all cost.
The message here is compellingly clear for Boeing.
There are growing number's of people who don't wanna fly on that airplane any more.
THE_UNWIND
5/7/19
NEW YORK
up very well in the face of all the bad news since the 2nd 737 Max Crash, loss of over 400 lives,
comes the rather unimaginable news that Boeing's management
knew of overriding risks, and either failed to timely pass them on to buyers,
or exploited them for an additional software upgrade
that would cost airline's much more $ if they wanted it includedin their brand new 737 Max deliveries.
Today, as they say, the sh.t finally hit the proverbial fan,
and Boeing plunged almost 4% in a single trading day,
taking out 2019 lows, and then some.., before closing at 357.23
I have been overwhelmingly bearish on Boeing, since the second crash,
and have written numerous posts, telling any reader who cared,
and that this was a stock to avoid at all cost.
The message here is compellingly clear for Boeing.
There are growing number's of people who don't wanna fly on that airplane any more.
THE_UNWIND
5/7/19
NEW YORK