Boeing stock takes another beating

Discussion in 'Business, Investing & Finance' started by GatorInGeorgia, Mar 12, 2019.

  1. Detroitgator

    Detroitgator Well-Known Member
    Lifetime Member

    Joined:
    Jul 15, 2014
    Messages:
    16,266
    Oxbucks:
    $10,365
    Ratings:
    +17,076 / -100
    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."
     
    • BMF

      BMF Bad Mother....
      Lifetime Member

      Joined:
      Sep 8, 2014
      Messages:
      14,271
      Oxbucks:
      $15,460
      Ratings:
      +21,192 / -299
      Up to $157 today!

      :raysgirl:
       
    • bradgator2

      bradgator2 Internet Bully
      Lifetime Member

      Joined:
      Jun 12, 2014
      Messages:
      6,332
      Oxbucks:
      $5,143
      Ratings:
      +11,510 / -86
      I came here to comment. Take the 60+% gain and run.... or stay for more? :lol:

      It’s a nice bright green in a sea of red.
       
      • FireFoley

        FireFoley Senior Member
        Lifetime Member

        Joined:
        Nov 19, 2014
        Messages:
        3,553
        Oxbucks:
        $3,287
        Ratings:
        +4,629 / -304
        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

        BMF Bad Mother....
        Lifetime Member

        Joined:
        Sep 8, 2014
        Messages:
        14,271
        Oxbucks:
        $15,460
        Ratings:
        +21,192 / -299
        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

        FireFoley Senior Member
        Lifetime Member

        Joined:
        Nov 19, 2014
        Messages:
        3,553
        Oxbucks:
        $3,287
        Ratings:
        +4,629 / -304
        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

          BMF Bad Mother....
          Lifetime Member

          Joined:
          Sep 8, 2014
          Messages:
          14,271
          Oxbucks:
          $15,460
          Ratings:
          +21,192 / -299
          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

          FireFoley Senior Member
          Lifetime Member

          Joined:
          Nov 19, 2014
          Messages:
          3,553
          Oxbucks:
          $3,287
          Ratings:
          +4,629 / -304
          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

            bradgator2 Internet Bully
            Lifetime Member

            Joined:
            Jun 12, 2014
            Messages:
            6,332
            Oxbucks:
            $5,143
            Ratings:
            +11,510 / -86
            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

              Detroitgator Well-Known Member
              Lifetime Member

              Joined:
              Jul 15, 2014
              Messages:
              16,266
              Oxbucks:
              $10,365
              Ratings:
              +17,076 / -100
              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

              bradgator2 Internet Bully
              Lifetime Member

              Joined:
              Jun 12, 2014
              Messages:
              6,332
              Oxbucks:
              $5,143
              Ratings:
              +11,510 / -86
              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

              TheDouglas78 Well-Known Member

              Joined:
              Jun 12, 2014
              Messages:
              12,243
              Oxbucks:
              $4,318
              Ratings:
              +7,580 / -221
              Always picking up more GD.
               
            • BMF

              BMF Bad Mother....
              Lifetime Member

              Joined:
              Sep 8, 2014
              Messages:
              14,271
              Oxbucks:
              $15,460
              Ratings:
              +21,192 / -299
              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

                FireFoley Senior Member
                Lifetime Member

                Joined:
                Nov 19, 2014
                Messages:
                3,553
                Oxbucks:
                $3,287
                Ratings:
                +4,629 / -304
                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

                  BMF Bad Mother....
                  Lifetime Member

                  Joined:
                  Sep 8, 2014
                  Messages:
                  14,271
                  Oxbucks:
                  $15,460
                  Ratings:
                  +21,192 / -299
                  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

                  FireFoley Senior Member
                  Lifetime Member

                  Joined:
                  Nov 19, 2014
                  Messages:
                  3,553
                  Oxbucks:
                  $3,287
                  Ratings:
                  +4,629 / -304
                  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

                    BMF Bad Mother....
                    Lifetime Member

                    Joined:
                    Sep 8, 2014
                    Messages:
                    14,271
                    Oxbucks:
                    $15,460
                    Ratings:
                    +21,192 / -299
                    Good call FF. I hadn't thought of selling half!
                     
                  • Concrete Helmet

                    Concrete Helmet Hook, Line, and Sinker
                    Lifetime Member

                    Joined:
                    Jul 29, 2014
                    Messages:
                    12,608
                    Oxbucks:
                    $6,780
                    Ratings:
                    +11,158 / -887
                    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

                      BMF Bad Mother....
                      Lifetime Member

                      Joined:
                      Sep 8, 2014
                      Messages:
                      14,271
                      Oxbucks:
                      $15,460
                      Ratings:
                      +21,192 / -299
                      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

                      FireFoley Senior Member
                      Lifetime Member

                      Joined:
                      Nov 19, 2014
                      Messages:
                      3,553
                      Oxbucks:
                      $3,287
                      Ratings:
                      +4,629 / -304
                      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.
                       

                      Share This Page

                      The Box

                      Help

                      You don't have the necessary permissions to use the chat.

                        1. There are currently no users chatting.
                          • About Us

                            Our community sprung up when the Gatorsports message board was shut down in the summer of 2014. We pride ourselves on offering Gator-biased, yet critical discussion among people of all different backgrounds. We are working every day to make sure our community is the best Gator message board you will find.
                          • Like us on Facebook

                          • Buy us a Zima!

                            The management works very hard to make sure the community is running the best software, best designs, and all the other bells and whistles. Care to buy us a non-alcoholic Zima? We'd really appreciate it! Just click the "Donate" tab at the top of the page.