Buyers are coming now. Fast Money trader called the bottom at around $118. He said he'd buy Boeing at that price.
Uncertainty with budget vote in Congress. Expect stock market volatility all year because of Midterm Elections in the House and Senate. Uncertainty about interest rates also causes market volatility.
Good post. When everything gets pieced together, we should learn more about this. Right now, Maylasian Air is getting the brunt of the anger from victims' families. You can't blame these families. They have to let out their shock and grief somehow. Maylasian Air is looking out for them providing free transportation, meals and lodging. It's so sad! Two little kids in Beijing have lost their parents in the ill-fated flight.
Market forces favor Boeing, I believe. Shorts will probably be crushed. It's way too soon to have any answers regarding the missing Maylasian Jet. There is no proof that Boeing is at fault, only speculation by nut bags.
I can't call the bottom. I think it's a buying opportunity. As the news of the missing plane is digested, and recovery of airplane parts begins, Boeing stock will rebound. By year end, Boeing stock should be considerably up. AFTER ALL, YOU CAN'T TAKE A BUS TO JAPAN!
Boeing did not ignore the report about cracks in the fuselage of the 777. Boeing offered a maintenance plan to monitor these problems with the 777' and Malaysian Air refused to take the maintenance plan putting passengers lives at risk. The developing countries are not prepared to handle the responsibility of flying sophisticated planes.
I think that the technology is getting ahead of itself, and nobody has a clue how to maintain these sophisticated planes. Boeing knows, but everyone else can't be bothered. They expect maintenance-free planes, a cloud server for maintenance of Boeing's planes!
Yes, it did happen in the past. It was an Egyptian airliner. Do you really think that we'll ever know the truth? They'll probably patrol the South China Sea for years, come up with no positive conclusion as to what caused the crash, pay the victims' families several $million and everyone will go away. Then it will be business as usual.
I think that Boeing's price rose because of the givebacks in the machinists' contract, not in Boeing's performance. Shareholders were rewarded with a higher stock price and a dividend boost to 73 cents. Now the chickens have come home to roost. Now we'll suffer the consequences of outsourcing manufacturing to cheap labor overseas. The 787 might have been a great plane if it hadn't been built in several different countries overseas. It should have been builtt in one country, America.
I think Jim McNerney should take his bonus , cash in on his options and bail out in his golden parachute. It's time for Boeing to start a clean sheet. Say a prayer for those families affected by the crash of the 777!
Remember the stabbings at the railroad station in China last week? Chinese police connected the stabbings to a terrorist group. The railroad attack occurred in Southwest China. Wasn't the Malaysian jet en route towards Southwest China? Pakistan borders China. Most of the passengers were. Chinese, I believe. Is China destabilizing? Are these incidents the beginning signs? Just my conjectures!
There are no facts proving that this mystery is on Boeing. People have to fly and will continue to fly. In this day and age we are not living under a rock.
In this age of satellite TV, smart phones, hundreds of ships at sea, hundreds of planes in the air, military and naval surveillance, population explosion in villages, towns and cities all over the world, and nobody heard or saw anything regarding the missing Boeing 777! I smell a big rat!
Planes just don't disappear into thin air. I smell a coverup. Here we go again: TWA -800, Lockerbee, 911....connect the dots. Too bad 239 souls are missing. Very sad.
Kimberley-Clark and Proctor & Gamble are great stocks to own. Thanks for the reminder. Yes, it's a pity about those unfortunate cruise passengers. BTW, Bloomberg news just released a report about the unsanitary conditions on farms that threaten public food safety. I'd pay attention to that warning from Bloomberg news.