The_Unwind

Boeing's Legal Peril is Growing Substantially

Short
NYSE:BA   Boeing Company (The)
Over the weekend, Ethiopean transportation officials
confirmed "simularities" between the 2 fatal 737 Max flights
that crashed in the last 6 months killing nearly 400 human lives.

In addition legal lawsuits have already been filed against the aircraft maker,
last week,revolving around the certification safety process filed to the FAA by Boeing.

737 Max production continues full speed ahed..but for how long.
This is their top selling plane, with 52,000 employees.

Who is going to want to step one foot back, and fly on this aircraft ever again ?

Over 4500 of these aircraft are on back order throughout the world.
Do you actually think that al of these orders will actually ever be filled and planes delivered ?

My own opinion is that the 737 Max is Toast.
Whether burnt completely or not is the only question

Daily Line Break Chart shown here, reveals Massive Top Breakdown.
Intermediate/LongTerm Target for Boeing = 294-300

BA Last 378.99

THE_UNWIND
3/18/19
Mountains/New York



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