It looks as though there could be more falls to follow as the new Boeing plane is grounded across the world:-
Like many I fear there is more bad news on the way - let alone the potentially enormous compensation payments which will likely follow. I hope to god the company has acted swiftly on concerns and nothing is revealed to suggest they failed to act in a reasonable time frame. Now that would be a real mess!
If I was a gambling man I would be shorting this one into strength - I very much doubt this is the end of the bad news
Seems as though investigators are finding patterns and similarities in crash data:- https://www.cnbc.com/video/2019/03/...s-investigations-into-737-max-8-continue.html This does not look like the end of the share price falls to me.
I also think there is more downside with this one in the short term - seems to be new negative media headlines each day. What else will they unearth?
I would be selling into strength - these are the kind of situations when the rumour mills work overtime thereby creating more and more uncertainty. How did they ever allow these planes to fly when the problem seems to be across the board?
Considering getting on board, but this issue is still brewing. How low can these stocks go. Could I capitalize this time next year, or too late? Sent from my SM-T815Y using Tapatalk
In my view these investigations can open a hornets nest of other issues. Personally I would leave this at the moment but fortune can favour the brave.
In my mind $360 is the critical support level - if the shares were to crash through this I think you would see a lot of sellers popping up.
I think sentiment will take another hit as and when the investigation reports are published - there is bound to be some critical comments for markets to latch on to. Looks like the shares are just marking time looking for direction without any great upward momentum.
