Boeing stock takes another beating

Detroitgator

Well-Known Member
Lifetime Member
Jul 15, 2014
28,226
46,730
Been stabbed by that knife more times that I want to admit, but the temptation is sometimes hard to overcome. But throughout my life, it certainly would have been more prudent to let that thing hit the ground :)
I so agree... while I really pay attention to the markets, I never have that much of my net worth in it because I know I'm not smart enough and can't devote the time, so i plow my money back into other business or real estate (my comfort zone).

Today is a perfect example... is today THE DAY! and if not in, we're missing out on the start of real, upward trend? Or is today "wave 4" that will be followed by an ugly wave 5? I don't fukkin know, so I'm sticking to my day job! ;) But I'm sticking to my "wait and see" until we see an abating of "all things Corona related."
 

FireFoley

Senior Member
Lifetime Member
Nov 19, 2014
9,013
14,787
Up to $157 today!

:raysgirl:

Is that a Cackle or a Victory Lap, LOL? Nice going. Always good to have a few winners in this carnage, but as I say to people, the younger you are the lower you want the market to go.
 

BMF

Bad Mother....
Lifetime Member
Sep 8, 2014
25,399
59,220
Is that a Cackle or a Victory Lap, LOL? Nice going. Always good to have a few winners in this carnage, but as I say to people, the younger you are the lower you want the market to go.

Yes, FF....there's PLENTY of carnage! I'm just happy ONE of my stocks is doing something (AGNC came back 12+% today...but still way, way down).

Brad, I'm hanging on. I'm not selling unless it gets into the $200+ range.
 

FireFoley

Senior Member
Lifetime Member
Nov 19, 2014
9,013
14,787
Yes, FF....there's PLENTY of carnage! I'm just happy ONE of my stocks is doing something (AGNC came back 12+% today...but still way, way down).

Brad, I'm hanging on. I'm not selling unless it gets into the $200+ range.

Well the best play by far was in the credit markets if the timing was correct. Once the FED stepped in and the credit markets stabilized, rates came down and yes the mortgage REITS had good days today but take a look at all the financial preferred stocks. Plenty of the $25/ share at par went as low as $15/share. today many of them were near par again. You can either ring the register or hang on with the 6+% coupon which if purchased correctly would be like a 9% yield.
 

BMF

Bad Mother....
Lifetime Member
Sep 8, 2014
25,399
59,220
After getting up to $180 last week, it's back down to under $125 today. Might be time for some of you to jump on?? Or stay the hell away???
 

FireFoley

Senior Member
Lifetime Member
Nov 19, 2014
9,013
14,787
After getting up to $180 last week, it's back down to under $125 today. Might be time for some of you to jump on?? Or stay the hell away???

Have been thinking about it. If I had any big gains in a taxable account perhaps I would try it in there and if it tanked I could do an offset by selling winners and losers.

Or if it turned into a big hit, might be better to take a swing in a tax deferred/free account.

Either way it sure would have been nice to have that $8/share dividend while trying to navigate the roller coaster. I think I will remain on the merry go round with smaller ups and downs that are accompanied by annual dividends that "should" be safe b/c these companies won;t require government money.
 

bradgator2

Founding Member
Rioting
Lifetime Member
Jun 12, 2014
9,504
24,927
Founding Member
Not Boeing, but related industry... it's weird this morning seeing my UTX United Technologies turn itself into Carrier and RTX... Raytheon Technologies. Knew the merger was coming a long time ago.
 

Detroitgator

Well-Known Member
Lifetime Member
Jul 15, 2014
28,226
46,730
Not Boeing, but related industry... it's weird this morning seeing my UTX United Technologies turn itself into Carrier and RTX... Raytheon Technologies. Knew the merger was coming a long time ago.
For the millionth time, over the long haul, and while not sexy and not in "FANG"... you can't go wrong holding RTN, LMT, NOC, GD, and HII... govt ain't gonna stop spending on them no matter what, and they have more lobbyists than anyone. Don't hate the playa, hate the game.
 

bradgator2

Founding Member
Rioting
Lifetime Member
Jun 12, 2014
9,504
24,927
Founding Member
For the millionth time, over the long haul, and while not sexy and not in "FANG"... you can't go wrong holding RTN, LMT, NOC, GD, and HII... govt ain't gonna stop spending on them no matter what, and they have more lobbyists than anyone. Don't hate the playa, hate the game.

That RTX is only 2 days old and is cheap right now compared to any other defense stock. I bought some this morning. RTN and UTX no longer exist.
 

TheDouglas78

Founding Member
Well-Known Member
Lifetime Member
Jun 12, 2014
16,292
14,719
Founding Member
For the millionth time, over the long haul, and while not sexy and not in "FANG"... you can't go wrong holding RTN, LMT, NOC, GD, and HII... govt ain't gonna stop spending on them no matter what, and they have more lobbyists than anyone. Don't hate the playa, hate the game.

Always picking up more GD.
 

BMF

Bad Mother....
Lifetime Member
Sep 8, 2014
25,399
59,220
BA was up 11% earlier in the trading period today....and ended down 4.4%. The entire market was up all day, and ended down over the last 15 minutes of the day. WTF!?!
 

FireFoley

Senior Member
Lifetime Member
Nov 19, 2014
9,013
14,787
BA was up 11% earlier in the trading period today....and ended down 4.4%. The entire market was up all day, and ended down over the last 15 minutes of the day. WTF!?!

Usually not a great sign, as it signifies exhaustion especially with how the market rallied Monday and most of Tuesday. Was it most short covering? Was it based on some hopes that all is well? Even if the Kung Flu disappeared tomorrow, the economy and businesses will take a long while to get going. And don't forget there is zero chance that everyone who was working pre-Kung Flu will be working post Kung Flu. Lastly it looked like the stocks that were up the most, % wise, the past 2 days were the weakest of the bunch the last few months. As we called it in the business, it was a dash for trash. Not saying all the companies are bad companies, but cruise lines, oil companies, staid retailers and today I saw mortgage reits up 30+ % at one point.
 

BMF

Bad Mother....
Lifetime Member
Sep 8, 2014
25,399
59,220
Got a question for you all:

I'm in this for around $95/share. It went up as high as $180 shortly after and has been fluctuating between $130-$160. I contemplated selling and taking a profit. What's the consensus on selling? When it went to 180 so quick I thought, well it'll go up some more....and that hasn't happened. I could have sold and 180 and gotten back in at 130 with more shares from the profit.

Anyhow, I don't do much "day trading" (or buying and selling within days/weeks of buying...I usually buy and hold for a period)...but this seems like something where I should probably take a good profit.

Thoughts?
 

FireFoley

Senior Member
Lifetime Member
Nov 19, 2014
9,013
14,787
Got a question for you all:

I'm in this for around $95/share. It went up as high as $180 shortly after and has been fluctuating between $130-$160. I contemplated selling and taking a profit. What's the consensus on selling? When it went to 180 so quick I thought, well it'll go up some more....and that hasn't happened. I could have sold and 180 and gotten back in at 130 with more shares from the profit.

Anyhow, I don't do much "day trading" (or buying and selling within days/weeks of buying...I usually buy and hold for a period)...but this seems like something where I should probably take a good profit.

Thoughts?

Hindsight is 20/20, so in the case of BA knowing that the dividend had been cut and the likelihood of government intervention was coming, selling for a profit would not have been a bad thing. But since you say you are more of a long term guy, I personally subscribe to the school of if the stock doubles from my price, I sell 1/2, no questions asked. That returns all of your original investment. Hold the rest and whatever happens is gravy. You could even put in a stop for the second 1/2 and never look at it again.
 

BMF

Bad Mother....
Lifetime Member
Sep 8, 2014
25,399
59,220
Hindsight is 20/20, so in the case of BA knowing that the dividend had been cut and the likelihood of government intervention was coming, selling for a profit would not have been a bad thing. But since you say you are more of a long term guy, I personally subscribe to the school of if the stock doubles from my price, I sell 1/2, no questions asked. That returns all of your original investment. Hold the rest and whatever happens is gravy. You could even put in a stop for the second 1/2 and never look at it again.

Good call FF. I hadn't thought of selling half!
 

Concrete Helmet

Hook, Line, and Sinker
Lifetime Member
Jul 29, 2014
22,041
23,178
Good call FF. I hadn't thought of selling half!
I've been taking the top off some tech and utility funds that I grabbed for $30-35 under where they were when I sold the gains last week and sent half back into my balanced fund and the other half into my settlement(MM)...but I'm planning on using the settlement part to grab some stuff that should get real ugly in the next couple of month's...If the coast is looking clearer in the next year I'll do the same and go 100% off the top into my balanced fund...
 

BMF

Bad Mother....
Lifetime Member
Sep 8, 2014
25,399
59,220
Hindsight is 20/20, so in the case of BA knowing that the dividend had been cut and the likelihood of government intervention was coming, selling for a profit would not have been a bad thing. But since you say you are more of a long term guy, I personally subscribe to the school of if the stock doubles from my price, I sell 1/2, no questions asked. That returns all of your original investment. Hold the rest and whatever happens is gravy. You could even put in a stop for the second 1/2 and never look at it again.

FF, the OXY I bought a few weeks ago is up close to 30% since I bought it....I sold down to what I bought in for and kept the rest. Now what? Do I sit on it and just let it ride? Is there a point that I should sell, or should sell? I'm going to start playing w/ this strategy.
 

FireFoley

Senior Member
Lifetime Member
Nov 19, 2014
9,013
14,787
FF, the OXY I bought a few weeks ago is up close to 30% since I bought it....I sold down to what I bought in for and kept the rest. Now what? Do I sit on it and just let it ride? Is there a point that I should sell, or should sell? I'm going to start playing w/ this strategy.

I won't give any specific advice, but congrats on that timing. If things were normal I would say that the oil stocks are going up while oil is going down. That is usually a good sign. But you have the government sniffing around so that could be an issue either way. I found it interesting that OXY paid Buffet his 200 Million preferred dividend the other day in common stock and he immediately filed to sell it. But lets be honest Buffet is not always correct, plus he already owns a shyt ton of the common also. I would keep an eye on the crude oil futures contracts starting at like August on out. The June and July contract will expire probably before the world is back up and running so they might run into the same issue that the May contract did. but bottom line is you have a profit so you can always put in a protective stop at a price that you would want to get out if it drops. If it continues to climb higher or stays steady then you will still own it. Keep us posted. I am rooting for you b/c I own a bunch of stuff in that area, but not OXY specifically.
 

Users who are viewing this thread

Help Users

You haven't joined any rooms.