Boeing stock takes another beating

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

  1. PCGatorAlum

    PCGatorAlum Well-Known Member
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    Never second guess selling a stock for profit even if it goes up after you sell it. You made some money!
     
    • FireFoley

      FireFoley Senior Member
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      @BMF, perhaps your time has come again right at the price you took your cost out. today Boeing secured its first order since November for two 737 Max planes, with an option to purchase two more. The order came from some Polish charter airline. Somewhere there has to be a Polish joke in there, but at this point, BA will take an order for a 737 Max anywhere it can get it. Is this the new beginning....................?
       
    • BMF

      BMF Bad Mother....
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      I've been following it. I still have 12 shares between my Roth and brokerage. It got under $170, so that's a price I like. I'm concerned about this major upward trend we're in, so I'm being cautious.
       
    • FireFoley

      FireFoley Senior Member
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      I was just yanking your chain. Sure two of the indexes have been in an uptrend thanx to about 15 stocks, but BA is not one of them in fact BA is exactly at the price it was 5 months ago. It is clearly going sideways, which is better than down. it will probably head south if the 20 stocks that people watch head south, but time will tell. Look any order of the 737 Max is good for BA, but I have to think coming from some obscure Polish Charter airline does not carry quite the same weight as say an order coming from LUV, who only flies 737's.

      It is certainly on my list. I think airlines are enforcing facial coverings, the air circulates well on planes and with no dividend BA is off limits to any dividend mutual funds and ETF's.

      Lastly since Uncle Warren Buffet seems to be disdaining old fashioned industrials in favor of hi tech and precious metals, we might not have to compete with him on a purchase, LOL
       
      #84 FireFoley, Aug 19, 2020
      Last edited: Aug 19, 2020
      • Detroitgator

        Detroitgator Well-Known Member
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        You mean the "737-8" ... it's not the "max" anymore, they renamed it. ;)
         
        • FireFoley

          FireFoley Senior Member
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          Thanx for the correction. I was not aware and seems like a sly move on their part. Is it helping them get it approved for commercial use any faster? I was listening to someone earlier about how they own BA b/c they will get approval soon for the 737 Whatever. I have been hearing that same prediction since the beginning of the year.
           
        • FireFoley

          FireFoley Senior Member
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          @BMF here we go again BA back to 150. Maybe I will put some orders in mid 140's
           
        • BMF

          BMF Bad Mother....
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          I added a few shares today at $149. I added 1 to my grandson's account and about 5 to mine.

          I actually just went through and added about $2500 worth of tanking stocks this morning. Added a some Apple and (gulp) some AAL and UL.
           
        • FireFoley

          FireFoley Senior Member
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          I mentioned in another thread I got hit on 2 resting orders. Call me non- ESG, but I actually bought my first cigarette stock. Sorry if that offends anyone but an almost double digit dividend that is well covered was hard to pass up, given that I can't find a yield anywhere near that anywhere else, not even in junk bonds.
           
          • BMF

            BMF Bad Mother....
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            Take a look at AGNC. I make over $200/month in dividends and it's at a decent price right now (I'm down about 4% on the price, but it always fluctuates. If it drops below $11 ever again I'm going to probably double my stake).
             
          • BMF

            BMF Bad Mother....
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            It's under $143 today. Looks like a good time to buy.

            AAPL is down too, to around $108.

            Two solid companies.
             
          • bradgator2

            bradgator2 Rioting
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            I bought some more of both today.
             
            • FireFoley

              FireFoley Senior Member
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              Agree. We never know when the price slide stops, but for someone like me who does not dive into a lot of companies that have no earnings/revenues or that I don;t understand, I need days like this for companies to get tossed out. Sadly ABBV had earnings today and was up almost 5 bux at one point. I have been waiting for that one to get below 80. Oh well. Also keeping my eye on CVX. I know oil is dead but that is the one company that is least levered and has it's balance sheet it good order. Approaching 8% dividend and if oil can just stabilize I think CVX could go much higher.
               
            • BMF

              BMF Bad Mother....
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              Twitter is down 20% today. I bought some - that's a tanking/bear market/black friday type crash. I figured what the hell?
               
            • FireFoley

              FireFoley Senior Member
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              I saw that about Tweeter, but I thought they should kill it right before the election. I just don;t know what is going to happen to those "media" platforms b/c of how they "arbitrarily" decide what they ban or not ban. Since I hate Dorsey, and ZuckerSchwartzBerg, and Cook and those Google idiots, I can't bring myself to buy their stocks. Yes I miss out on a lot but I have my standards, LOL
               
            • Detroitgator

              Detroitgator Well-Known Member
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              yeah, because that would make them a "publisher" instead of a "platform." I don't get why they get away with still legally being called "platforms"... they aren't, they've gone wayyyyy into "publisher."
               
            • BMF

              BMF Bad Mother....
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              BA is up to $193. I'm thinking about taking the profit. Thoughts? I have 28 shares at a DCA or ~$130/share.
               
            • bradgator2

              bradgator2 Rioting
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              Door #1 - There is never any shame in taking a profit.

              Door #2 - Hogs eventually get slaughtered.

              Door #3 - Let it ride!
               
            • FireFoley

              FireFoley Senior Member
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              You can always put in a sell stop order below the current price and not have to look at it again. Protect a good portion of the profit, but getting out if the price drops to a level to select. and if it keeps going higher you can just keep moving your sell stop order higher.
               
              • BMF

                BMF Bad Mother....
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                BA hit $199 today, I just sold all shares. Gonna sit on the sidelines for a while - I'm about 55% invested and 45% cash in my brokerage and Roth; about 85% cash/fixed in my TSP.
                 

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