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

orbit23 said:
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I am sorry.
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No need to feel sorry for us. As traders, it comes with the territory, we win some we lose some.

If you took your own advice and shorted BA you are printing money. :thumbsup: If not, you lack convictions. :finger:

If you read all my posts on BA, you will know I have great confidence in Boeing planes but lack confidence in their senior management, including the current bunch, so I don't own or trade their stocks.

BA will bounce back once they have the right people who understand their technology and culture running it again.
 
In the next couple months, the quarantine will end, travelling will resume and i believe that airline stocks will rebound.

There are most recent news of Buffet selling out of airlines. While i do agree they are doomed on a longer-term basis, i do think selling and bearish sentiment is to peak and the airline stocks will have a very nice rebound.

I don't see it happening just yet, on the charts, but it's something one should keep an eye on for the next few months, so when you see it could be happening, it probably is. A very nice potential future trade IMO. Keep an eye on.
 
orbit23 said:
In the next couple months, the quarantine will end, travelling will resume and i believe that airline stocks will rebound.

There are most recent news of Buffet selling out of airlines. .
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for retail could this be a buy signal?

12 mths from now Buffet will likely be back into Airlines.

as with all leisure stocks, Airlines, cruise & hotels ... at these prices 12 mth buy & hold
 
No, it's not a buy signal. When you get massive sell orders, usually it just means that the selling pressure is peaking. If no-one is left to sell, the buyers mark up the price, but shit is fundamentally flawed, as buffet said - the world has changed. Shit is likely going lower on long term.

I would say retail is almost for sure to get burned here, no matter what you do. Stay away if you don't have a proper strategy and rigid risk management. This is NOT easy money.

The only easy thing in trading is losing money.
 
orbit23 said:
They are halting production of 737 and ryanair is grounding some of their planes because of cracks in the wings or something like that, i saw the article earlier, but can't find it now.

All of you here saying i'm just throwing ideas, you are 100% right. There is no setup on the chart just yet, but i can easily see us dumping to 2500 and 2200.

And boeing is going down 100%. Their planes are crashing and falling apart, you think the stock is gonna pump? LOL. Higher timeframe chart looks like crap, all things considered, i would say it's very well justified.


You all are getting mad at me, the more salt in the comments, the better odds of me being right.

Pump&dump of it's finest
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I'm not going to argue any more, i regret having posted anything already because it's nothing but salt around.
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Amazing call.
Did you take your own advice and trade it? I mean buying bunch of put options and became filthy rich?
 
I don't agree with "market crash" but I do believe DJ30 is in more trouble than S&P/NSDQ. Short dj/long q's may be a good play until early fall.
 
The US cannot afford to let Boeing crash. Not for the jobs but for the military aspect.
I am sure that behind closed doors people are busy with the Boeing problem.
 
virtusa said:
The US cannot afford to let Boeing crash. Not for the jobs but for the military aspect.
I am sure that behind closed doors people are busy with the Boeing problem.
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I they could buy Boeing and scrap the commercial side just keep the DOD side.
 
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