Boeing (BA)

[murray t turtle]

The Chicoms thing..yea china wanted to be able to be part of the assembly process, since they buy so many. Boeing said no and instead built the South Carolina plant...which is 100% forced bottom up diversity obsession. And now..planes are falling out of the skies..coming apart in mid-air. (US built commercial plane engines are also have serious quality problems)

Airbus planes are still made in their original countries and by the same workers. And somehow Airbus still makes a good profit and makes a very high quality plane. Boeing clearly made several key mistakes at every level. But the south carolina bottom up diversity obsession was the biggest.

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MANY of BA planes were built before current woke broke =management, ;
+ unions like police unions maybe a good thing. But i dont think think police unions will help BA much.
NOT long or short BA as of last Tues close ..................
But IBD+ 50dma is seldom wrong by much\
BA Takes a Beating IBD news\oday.BA still going down\ after market hours......
Adding to the complexity/ SPY is up after hours;
QQQ is up for the day + week.
Another thing against BA\
97.777% hit rate is very good , but 3%more or less failure % is TERRIBLE for airplanes

 

[mervyn]

%%
MANY of BA planes were built before current woke broke =management, ;
+ unions like police unions maybe a good thing. But i dont think think police unions will help BA much.
NOT long or short BA as of last Tues close ..................
But IBD+ 50dma is seldom wrong by much\
BA Takes a Beating IBD news today.BA still going down\ post market hours
Adding to the complexity/ SPY is up after hours;
QQQ is up for the day + week.
Another thing against BA\
97.777% hit rate is very good , but 3%more or less failure % is TERRIBLE for airplanes

not built but about the maintenance and part replacements. otherwise they would be dropping like flies.

just took a look of jetblue, i am surprised it is down to 6 bucks. i traded a pandemic bounce around 10-12 then.

who would use dawn dishwasher as engine degreaser? right, boeing.

 

[murray t turtle]

not built but about the maintenance and part replacements. otherwise they would be dropping like flies.

just took a look of jetblue, i am surprised it is down to 6 bucks. i traded a pandemic bounce around 10-12 then.

who would use dawn dishwasher as engine degreaser? right, boeing.

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MAKING progress for those that like technical analysis\
barchart.com moved the 88% sell last month + yesterday on BA, to 100%.
I don't use anything like that without my analysis , but I like their ratings, sometimes it gets something I miss

 

[vanzandt]

those Pratt engines are made in white as bedsheets Connecticut.

 

[vanzandt]

I wouldn’t own BA at any price

God forbid there is another crash you wake up to a down 50% or more stock price.
Then with the manufacturing shutdowns and lawsuits it might be better for BA to just declare BK and start over.

That's a very good point. I mean they can have more glitches here and there and the stock will bounce +/- $20 or so, but you're right, heaven forbid there was another major crash, I don't know if it would lead to bankruptcy, but you'd get an instantaneous 40% drop at a minimum.

Everyone, myself included (until just now), looks at BA like a granny stock that you can put in an IRA and not worry about... but you are 100% right, it's a new game now. If I was a professional running some conservative growth fund that held a sizeable position... I'd hate to admit I made a move based on something I read on ET of all places... but I'd start scaling out and replace it with CAT or something after reading your post because again... you're right. Thanks for pointing that out.