BOEING is going DOWN and it's taking whole market with it. Crash is inevitable

[maxinger]

We need those kind of posts.

Ofcourse they are looking strong, they look the strongest at the top!! For how long do you think such growth can sustain itself?

The way to trade it right now is to just buy every breakout on lower timeframes - it's going up, so that's what makes money right now if you are daytrading.

But the bigger picture is that all of the gains will be given back in 2020 and then some. There are too many uncertainties in 2020. Big money will pull out and most of you here will be selling to me at 2300.

You started a new thread in Trading session. The way you justify your view has been wanting.
and that's why concerned readers are furious.

You should have created a new thread in ET Journal. And post your views in your journal.
It is perfectly fine to have wrong silly crazy or whatever view or opinion in your Journal.
Journal is meant for anyone (newbie trader , oldbie trader or whatever )

 

[noddyboy]

Boeing is in some serious problems. I don't know much about the actual fundamentals, but it seems like their 737 planes are falling apart and that they will halt production. It's the largest US exporter and has the highest index weight in the dow jones index.

Allegedly no lay-offs. Probably better said, NOT YET.

Boeing is going down for sure and it could take whole market with it.

30% market crash is coming in 2020. My recommendation is to start investing heavily into put options with 1year expiration date and 2250-2600 strike price.

So are you short Boeing or the entire market? What is your entry, stop and exit?

 

[vincentnyc]

So are you short Boeing or the entire market? What is your entry, stop and exit?

he said on his 1st post of this thread that the market is gonna crash based on 1 stock...lol.

 

[ironchef]

Where is your source, I have a feeling you have no basis for your opinion.
One source I found says the A320 series is safer:

Airbus A318/A319/A320/A321 - 0.08
Boeing 737 (all models) - 0.23
​

Glad you called me out.

I do have some basis for my statement, it is not my opinion.

I think your Boeing statistics included the recent 737 Max, mine excluded it. Excluding the Max:

Boeing 737 - 0.06

Boeing 737-700/-800/-900

Don't confuse the infamous 737 MAX with the Boeing next-generation 737 models. The 737-700/-800/-900 models are very reliable. These models have a 0.06 fatal crash rate per million flights. This is one of the lowest rates for commercial aircraft. As a comparison, the 737 MAX has a 3.08 crash rate through March 2019 according to AirSafe.

The next-gen 737 is a primary asset for many airlines including the American, Delta, United and Alaska Airlines. As a result, the multiple series have more commercial flights than most models. There are over 100 million recorded commercial flights. Only the Airbus 320 family has more logged flights at 119 million and counting.

Because of the 737 MAX fleet grounding, many airlines are either extending their current lease of these planes or have started leasing them again.

Airbus A320

The Airbus 320 family also includes the A318, A319 and A321 models. If the airline is using their Airbus fleet for your flight, it will most likely be one of these models. This family has a 0.08 crash rate which is also one of the lowest for airplane models with a crash history.

One of the crash events for the A320 is the historic US Airways Flight 1549 on January 15, 2009, helmed by Capt. Sully Sullenberger. After striking multiple birds shortly after takeoff, Capt. Sullenberger made a successful crash landing on New York's Hudson River. There were no fatalities but one passenger sustained serious injury.

American Airlines, EasyJet, China Eastern and China Southern are the largest operators of the A320 family.

https://www.forbes.com/sites/geoffw...t-is-the-safest-airplane-to-fly/#f2e12205c722

Have a happy holiday.

 

[ironchef]

Where is your source, I have a feeling you have no basis for your opinion.
One source I found says the A320 series is safer:

Airbus A318/A319/A320/A321 - 0.08
Boeing 737 (all models) - 0.23
​

In any case there's nothing to suggest that Boeing has a better safety record.

By the way, my reason for excluding the 737 Max is because none of us will be flying on the current version of 737 Max in the future, ever.

 

[d08]

Glad you called me out.

I do have some basis for my statement, it is not my opinion.

I think your Boeing statistics included the recent 737 Max, mine excluded it. Excluding the Max:

Boeing 737 - 0.06



https://www.forbes.com/sites/geoffw...t-is-the-safest-airplane-to-fly/#f2e12205c722

Have a happy holiday.

The source is exactly the same, Forbes just wrote an article with it. That's very conveniently only using Boeing 737-600/700/800/900 to get that number. I mean you can get all sorts of numbers by using subsets.
There's really no difference in safety prior to the MAX disaster, the sample size is so small that a difference of 0.01 does not matter.

 

[ironchef]

There's really no difference in safety prior to the MAX disaster

I agreement with you here, so let's call it a day.

As a side note, I flew often and after the Indonesian crash, avoided flying the Max after doing some digging but I had no problem flying other Boeing or Airbus planes.

 

[orbit23]

It will take you very very long to be profitable in trading.
although the news have been rather bad for BA, the support level is still holding.

perhaps for the start, stop creating new threads.
You have created tens of new threads recently.
It will cause great harm to those newbie traders.

Stop posting random thoughts moron. Grow a brain first.

So you're not in a position to give financial advice. I just can't take your statement seriously.

LOL.

No dispute with the weight of BA. But the market, and the overall economy, is not BA!

Short-lived trading opps at best.

BTW: there is nothing out-of-the-box with your thinking. Conventional wisdom actually... Glom onto anything gloomy because the market "is due". This is it. BA is the catalyst!

It is OK to disagree. We all have different opinions. If we are all in violent agreement, there is no benefit posting.

You reminded me of this fellow who posted a thread on MCD in trouble and would be out of business in 5 year and that was back in 2015 with MCD trading @ around $85, trading at ~ $195 today.

https://www.elitetrader.com/et/threads/mcd-is-in-big-trouble-may-not-exist-in-5-years.290903/

He disappeared since. Hope you won't disappear on us.

Happy holiday to you and your family.

Boeing is not going to go away. Consider this a dip to buy. Their 737 airframe is not a problem, it is the software in the MAX version that is causing the bruhaha.

They are not halting production of the 737, they are halting production of the 737 MAX until the FAA clears that model for airworthiness.

And to call out Boeing on Ryanair's issues? Dude, do you realize they are about as discount an airline as you can get? How proficient are their maintenance crews?

The statement you cited about Airbus aircraft being "safer" is also based on some bad statistics, because Boeing craft have flown a bazillion more miles than Airbus. So per mile, yes, Airbus has a better safety record on that front. Simply because the law of averages has not caught up to them yet.

I watch that show on the Smithsonian Channel called Air Disasters, and Airbus examples come up the same as, if not a bit more, than Boeing examples when it comes to mechanical failures.

BTFD.

I am sorry.

 

[Cuddles]

I am sorry.

thank you, thank you, I'll be here all week:
https://www.elitetrader.com/et/threads/faa-tells-boeing-not-yet.341322/

 

[vincentnyc]

the market had a correction (not sure if it is a crash yet) because of the corvid-19 and uncertainty how it would affect the world economy when everyone is staying home and not going out shopping, to eat at restaurants, concerts, etc. so the market is using this as an excuse to sell off. not because of boeing.