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Re: 01/22/2020 Live Update

PostPosted: Wed Jan 22, 2020 3:17 pm
by K447
Trades with cats wrote:Boeing CEO telling CNBC that they will not cut or suspend dividend.
Also he supposedly said he believes in the 737 Max won't scrape the plane.

Personally, I am confident Warren Buffet will eventually step in and pick up the pieces, really really cheep.

I expect Boeing could not 'scrap' the 737 Max without also going bankrupt.

Not only are there a lot of built-but-not-yet-delivered 737 Max sitting on someone's books. There is also a huge forward order book for that model. Designing, building, certifying a brand new aircraft design would take mutiple years (probably approaching 2030), during which time Boeing would be foregoing a lot of 737 Max sales and income.

AND all the existing 737 Max aircraft that were already delivered and flying until grounded, those respresent a lot of financial liability. Someone is holding the financing/loans on those things.

Boeing is under huge pressure to get the Max flying again. To fail to do so means the company fails.

Re: 01/22/2020 Live Update

PostPosted: Wed Jan 22, 2020 3:27 pm
by JFR
Some thoughts on Boeing, since the subject has been raised.

BA still a financial giant. Still very profitable. Still flying around the world. Huge problem with the 737 max. Safety issues of course. Public relations issues. Stock market issues. P/E 47.12. Up there in the stratosphere.

Re Buffett. The irony is that he once joked that he has an employee whose sole job is to constantly tell Buffett to not buy any airlines. Apparently he does have shares in Southwest Airlines, American, Delta and United. Buffett for Boeing? Sure. Why not? Especially as the market value is getting closer to a buy for Buffett.

https://www.dallasnews.com/business/air ... aying-off/

BA shortable? Absolutely imo. It is a wounded giant.


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Re: 01/22/2020 Live Update

PostPosted: Wed Jan 22, 2020 3:39 pm
by JFR
ES 5. Getting squeezed in a base. Trendline. Support line. EMA 20. Breakout on the agenda.


2020-01-22_1137.png

Re: 01/22/2020 Live Update

PostPosted: Wed Jan 22, 2020 4:03 pm
by JFR
ES 5. Breakout down to the pivot. Later ...


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Re: 01/22/2020 Live Update

PostPosted: Wed Jan 22, 2020 4:07 pm
by BullBear52x
New LOD Ding ding ...

Re: 01/22/2020 Live Update

PostPosted: Wed Jan 22, 2020 4:16 pm
by BullBear52x
my next alert is 12.5, will it Ding ding or not? Hmmmmm

Re: 01/22/2020 Live Update

PostPosted: Wed Jan 22, 2020 4:17 pm
by Cobra
Possible mm.

Re: 01/22/2020 Live Update

PostPosted: Wed Jan 22, 2020 4:21 pm
by Trades with cats
Normally Goldman's buyback desk would have billions in discretionary funds to deploy, but not now. On other pullbacks we read after the fact that buyback money was 2 to 4 times normal. So yes I think this part of the calendar is usually where trouble can occur.

Waiting to see if "The National Team" can stop the bleeding in the Chinese markets tonight.

Re: 01/22/2020 Live Update

PostPosted: Wed Jan 22, 2020 4:23 pm
by Trades with cats
Significant buy orders clustered around the overnight low.

Re: 01/22/2020 Live Update

PostPosted: Wed Jan 22, 2020 4:25 pm
by BullBear52x
Chart for the road: Engulfing or not this is what the reversal bar I am looking for. mission accomplished. Peace!

Re: 01/22/2020 Live Update

PostPosted: Wed Jan 22, 2020 4:26 pm
by Trades with cats
ES 03-20 (2000 Tick) 2020_01_22 (1_22_40 PM).png

Lets sell the bounce! That is a really unusual order book.

Re: 01/22/2020 Live Update

PostPosted: Wed Jan 22, 2020 4:51 pm
by Cobra

Re: 01/22/2020 Live Update

PostPosted: Wed Jan 22, 2020 4:53 pm
by Cobra
Well, guess that's it for today. Here's what Thursday looks like: https://stockcharts.com/public/1684859/ ... /533449387

Thank you guys, I'll see you in another thread soon.

Before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/ ... /533449387

Re: 01/22/2020 Live Update

PostPosted: Wed Jan 22, 2020 4:54 pm
by Al_Dente
PKW
Buyback Stocks
No volume, UNTIL TODAY
122PKW.PNG.png