Boeing Under Serious Pressure (ba)

Discussion in 'Investment Charts' started by gowiththeflow, Mar 14, 2019.

  1. longtermbull

    longtermbull Administrator Staff Member

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    Bizarre! Rumours of court action as anti-stall system ruled to have been at fault with one of the crashes and the share price spikes sharply :)
     
  2. Chartman

    Chartman Senior Investor

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    Maybe investors think the news on the investigation could have been much worse? Personally I dont think the worst is over but who knows ;)
     
  3. gowiththeflow

    gowiththeflow Senior Investor

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    Markets tend to over react when they dont know the extent of the problems and then when the situation is clarified (even just a little more) you often see a recovery.
     
  4. longtermbull

    longtermbull Administrator Staff Member

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    Looks like the worst may be over - but is it?

    These situations have a habit of coming back to bite you on the backside when you least expect it - tread carefully :)
     
  5. gowiththeflow

    gowiththeflow Senior Investor

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    There is talk that in Ethiopia the pilots used the Boeing safety procedures but they failed to bring the plane back under control. More to follow on this I would guess.
     
  6. Chartman

    Chartman Senior Investor

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  7. longtermbull

    longtermbull Administrator Staff Member

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    You would expect a fall in the price today after more bad press about sensors and systems which contributed to the 2 crashes. I notice there has never been any mention of pilot error.
     
  8. gowiththeflow

    gowiththeflow Senior Investor

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    I think there is still further downside - this bounce after the recent mark down was probably to be expected but will it attract short sellers/profit takers?
     
  9. gowiththeflow

    gowiththeflow Senior Investor

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    I think there is still further downside - this bounce after the recent mark down was probably to be expected but will it attract short sellers/profit takers?
     
  10. longtermbull

    longtermbull Administrator Staff Member

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    Looks like the shares are going to hit resistance on the way back up - personally I would leave for now. One for the brave!
     
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