Boeing is not what it used to be, it's a trash company now. They botch everything, especially their space launches, years ago it was an innovative company, but it's turned into a POS after the leadership change.
@TheSignalyst, you are very welcome, thank you for being polite and treating my opinion as simply information.
ktaba
⋅
@Ultracombobreaker Be careful shorting BA. The company and the stock price are not the same thing. Only good news coming via Vaccines, stimulus, revenge travel, MAX certified, Dreamliner green lighted, orders coming in, especially big ones from Southwest. When China certifies the MAX, a huge order is coming and BA is going to rocket to $330! 2.5B fine - BA went up. 12B loss in 2020 - BA went up. Multiple engine failures and crashes with lives lost - BA went up. It’s finished a 2 year downward trend and making new highs. The second week of March it ratcheted up 25% in a week. BA has got about a half a dozen price upgrades in the last month. All BA needs is new orders, and it will get them as airlines figure out that every single person on earth wants to travel, and some have already started rehiring too. All the airlines are retiring old planes and with the price of fuel going up and the max being more fuel efficient, that’s good for BA. When you keep getting bad news and the stock shrugs it off, what do you think that means? BA likes to consolidate for a few weeks after a big move and it’s done and ready for the next leg higher. Money mangers don’t care, and they are not worried about electrical issues bro! Market trades on the future, not the past. BA reports tomorrow, and hopefully China approval/orders coming, that’s going to be the catalyst for another parabolic move! The entire stock float only has 1.6% shorted, that’s low! Don’t get wrecked as BA is flying high! Good luck though! Lol
Ultracombobreaker
⋅
@ktaba, I don't short companies, to me that is evil and destructive, I'm simply sharing my thoughts on Boeing.
ktaba
⋅
@Ultracombobreaker no worries! This is just about making money on this stock, nothing more. The best returns are made when a stock goes from terrible to just not great!