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Where's Boeing going, Cohen?


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  • 2 weeks later...

It's drifting down towards $300 with little momentum and small volume.  I won't trade it because all it takes is one comment from Trump and the price is likely to spike higher at any moment.

 

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Edited by dmedin
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That pickup of volume with the ascending green candlesticks suggested Boeing was on the verge of breaking out and going back into an upturn but it bounced off a trend line.  A little pause for breath.  If they get approval to put their 737s back into service I would be going long on Boeing, Cohen.

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  • 1 month later...

Looks like a continuation/consolidation pattern to me, which means it's more likely than not to break out to the upside (since it was in a strong uptrend before this symmetrical triangle started forming).  Wow.  It is truly too big to fail.

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Edited by dmedin
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  • 2 weeks later...

I doubt there's any chance of Boeing dropping below 29000.

Like Muilenberg, the slippery little serpent who will retire a billionaire, this stock is not subject to the same rules as the little people are.  Heck, I bet that by this time next year the share price is at an all time high.

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  • 4 weeks later...

It's consistently making higher lows, there's too much buying pressure to allow this to make any serious drops.

Interesting how a California company's negligence causes 80+ deaths and it (rightfully) is sued into administration and (hopefully) nationalized, but Boeing's negligence kills 300+ and it just has to make a small payout and carry on as normal.  'Too big to fail'

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This is the obverse of the medal.  I should have put my short on back in August with a stop above the ATH and let it run.  See?  All it would have taken is to use a future-dated contract, and that would have dealt with the overnight funding/dividend cr@p.

Sometimes it's just better to hold on to a position for a while.  'Let it brew.'  Lesson learned.

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