Should we SELL or HOLD Boeing (BA) stock? I bought it at $70.
Will BA go down more? I am loosing on this stock, and almost want to give up.
Answers
474 points
spider348 answered one year ago …
Have no idea from where you got in or what your situation is - so this is NOT advice on what you should do but is just some blokes 2cents from glancing at the monthly chart - so a quick glance at the chart shows me that 40$ level was last visited in '04 as well as last week, so maybe 40'ish could act as a support level - however if it gets comfortable under 40 next support might be that mid20 seen in '03. Trouble with trading charts right now is we are so incredibly news driven and over-reactive that anything can happen - like today, again. Chart patterns are getting busted in most sectors taking a lot of innocent bystanders out in the process. Hope that helps a little.
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4085 points
EthanR answered one year ago …
While it is true that BA is acting poorly right now, it is still a great company with a long term track record. If you need a capital loss to offset some cap gains, it might be a good time to sell, but if it were me, I don't think I would sell right now with the market so oversold. But use the pain you are experiencing to help you in two ways going forward. First, next time put in a stop loss order about 5-8% below your buy price, depending on your comfort level. That would have gotten you out of BA at 64-66, considerbly higher than yesterday's closing price of 42.33.
Second, use your current anxiety as a contrarian indicator. Many times I see people asking should they sell something just as it is bottoming. One's anxiety rises as the price decline becomes extreme. You probably weren't that bothered when BA was in the mid 60's. Did you think about selling then? The fact that you are considering selling at a big loss now could be telling you that the stock is ready to trade up again. While it may not go back to $70, if we get a bounce, at least you could sell at a higher level than where it is now. Good luck.
678 points
BoxCar answered 11 months ago …
Cramer of Mad Money says "IX NAY" to buy BA. But when to sell? Take a look at
<thewallstreetbully.blogspot.com> scroll to 20Dec "Looking at the Big Picture" for
chart of 4 historical Bad Bear markets where the drop in this year's S&P 500 is eerily
similar to the crash of 1929, same month- If the patterns hold, then in about 100 days
the stk mkt peaks in a head 'n shoulders before it begins a long term slide downward
I myself plan to sell everything into that head 'n shoulders and wait on the sideline-
Why? Great Depressions are caused by NO JOBS, no cash to buy things. Now its
similar but for different reason. Mechanized Agriculture caused last Great Depression
of NO JOBS. This time its jobs sent overseas. When a newspaper delivery uses a
Toyota pickup to deliver papers, who wins economically? Toyota gets the real jobs.
BA has to sell to airlines that are cutting back because there are no passengers as
US workers with NO JOBS have to take the bus or fly or not travel at all. At least BA
was smart enough NOT to build gigantic planes that can't land anywhere and airlines
who cut back due to fuel costs & low passenger level will buy their planes still.
3963 points
MNSL answered 11 months ago …
Except from Europe Boeing will not have any competition until 2020.
As a one of the major airplanes producers they will have still market to sell their products. In the shot run air traffic will slow down. But in the medium term to long term it will increase.
However there are some risk factors as well.
Pl see following link:
http://www.boeing.com/commercial/cmo/index.html
