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DeepGreen
Apr 15, 2020 8:00 PM

Long BA Long

Boeing Company (The)NYSE

Description

Simple Trade Simple setup

Not a financial advise - trade smart trade safe.

Comment

Trade failed couldn't break resistance at 200ma on 1h.
Comments
pogson99
While the coronavirus is hitting industry generally - hammering cashflow - Boeing has secured loans to cover a lot of this and the US government has exteneded an offer to help there is another element most have not considered. Boeing is going to have to compensate thjose airlines impacted by the 737 MAX being grounded. This liability is currently accruing at $0 per day due to airlines grounding their aircraft thereby incurring no loss. This will likely make a major offest against any debt Boeing has to incur due to the coronavirus - just a thought - stay safe.
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