BOEING- WE DON’T KNOW

BOEING (BA) is down $9 this morning. We receive a decent amount of emails each day on our thoughts. Our answer to all is that “WE DON’T KNOW!” People actually get mad when we tell them we just don’t know. We don’t know:

What kind or what size lawsuits there will be.

How long it will take to get the planes back in the air.

How much it will cost to get the planes back in the air.

How many, if any orders will be cancelled.

What kind of government investigations there will be…and there will be investigations on this plane’s approval.

And of course, how the market treats all this. We know there have been some good trading moves both up and down. We know pundits are coming out in droves telling you what kind of value the stock is at these levels. (THEY DO NOT KNOW)

We just do not know the day to day. We can continue to look at support levels. We can look for accumulation and distribution but that can change overnight because of the news.

As always, it is your money.