Originally Posted by Munson:
Boeing is taking a big hit this morning, down 11% at the moment.
A brand new 737 crashed in Ethiopia over the weekend killing everyone aboard, so this drop was not unexpected.
I don't mean to profit from tragedy, but I added a little to my position today. They'll fix the problem and things will return to the status quo. [Reply]
Originally Posted by Rain Man: I don't mean to profit from tragedy, but I added a little to my position today. They'll fix the problem and things will return to the status quo.
That's understandable. I thought about doing the same but decided to hold off. [Reply]
Originally Posted by :
(Reuters) - Democratic U.S. Senator Dianne Feinstein on Monday urged the U.S. Federal Aviation Administration to ground Boeing's 737 MAX 8 fleet after two fatal crashes since October.
"Until the cause of the crash is known and it’s clear that similar risks aren’t present in the domestic fleet, I believe all Boeing 737 Max 8 series aircraft operating in the United States should be temporarily grounded," Feinstein wrote.
The FAA, which told carriers on Monday that the plane is airworthy, and Boeing did not immediately comment. "Continuing to fly an airplane that has been involved in two fatal crashes within just six months presents an unnecessary, potentially life-threatening risk to the traveling public," Feinstein added.
Originally Posted by :
Boeing shares dip again as 737 MAX groundings spread
(Reuters) - Boeing Co's shares fell more than 3 percent on Tuesday as more countries grounded the planemaker's 737 MAX 8 aircraft amid heightened anxiety among travelers about the safety of the plane.
Malaysia, Singapore and Australia became the latest nations to ground Boeing's best-selling line of jets, one of which also crashed in Indonesia in October.
DZ Bank became the first brokerage in nearly two years to place a "sell" rating on the stock, while setting a price target of $333 - the lowest on Wall Street.
The stock was trading at $385 before the opening bell. If Tuesday's losses, following a 5 percent fall on Monday, stick through regular trading hours, the company would have lost more than $21 billion in market value in two days.
"News that could really harm Boeing could affect markets," said Rick Meckler, partner at Cherry Lane Investments in New Vernon, New Jersey.
"On whether Boeing is responsible in some way or if there is a problem in its aircraft is something investors are still trying to digest."
The United States will mandate that Boeing implement design changes by April, but said the plane was airworthy and did not need to be grounded.
Safety experts say it is too early to speculate on what caused Sunday's crash and black box recorders were yet to yield the cause.
Originally Posted by Rain Man:
I don't mean to profit from tragedy, but I added a little to my position today. They'll fix the problem and things will return to the status quo.
I was thinking of doing the same, but it's tough to get excited about buying it at $400 when it was at about $300 as recently as December.
That stock has really taken off -- har har -- it was was barely over $100 in 2016. [Reply]
Bought T stock last Wednesday at 29.95 when it dropped and showed support near this level.
Sold today at 30.75 on an opening spike.
2.5% profit in 5 days. Not bad. Been reading about technical analysis of the financial markets by John Murray. Lots of good information and techniques to use for long term investing and short term trading. [Reply]
Originally Posted by lewdog:
Bought T stock last Wednesday at 29.95 when it dropped and showed support near this level.
Sold today at 37.75 on an opening spike.
2.5% profit in 5 days. Not bad. Been reading about technical analysis of the financial markets by John Murray. Lots of good information and techniques to use for long term investing and short term trading.
Originally Posted by lewdog:
Bought T stock last Wednesday at 29.95 when it dropped and showed support near this level.
Sold today at 37.75 on an opening spike.
2.5% profit in 5 days. Not bad. Been reading about technical analysis of the financial markets by John Murray. Lots of good information and techniques to use for long term investing and short term trading.
Originally Posted by :
4. A grounding would not cripple Southwest, American or United's operations, throwing the air travel system into chaos. The Max 8 may be Boeing's best-selling plane but it represents a small percentage of the fleets of Southwest and American. Southwest has 34 Max 8s in its fleet of more than 750 aircraft. American has 24 in its fleet of nearly 1,000 mainline aircraft. United has 14 Max 9s in its fleet of 779 mainline aircraft.