Domain: tiger-web1.srvr.media3.us Anyone buying Boeing? | Money Talk
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Anyone buying Boeing?

Posted on 9/13/24 at 9:16 am
Posted by dallastiger55
Jennings, LA
Member since Jan 2010
33426 posts
Posted on 9/13/24 at 9:16 am
With the strike it’s now at a 52 week low of $155

It was upgraded to a buy couple days ago.

I just had a lot of success in the past with these huge American companies that are too big to fail. They will eventually get their shite together

I’m looking as a long term hold BTW

Posted by skewbs
Member since Apr 2008
2196 posts
Posted on 9/13/24 at 9:32 am to
Yes. Bought during the thick of the pandemic in March 2020 for $148. Sold it all earlier this year in January for $242. Buying and selling in a Roth so no tax implications.

I re-initiated a position last week at $157 but only about half of the investment that I put in in 2020. I plan to buy more if it goes closer to or sub $150.

I'm with you in that this is strictly a long term play that they will eventually get it together and this stock will run above $200, which I'm confident it will "eventually". It may be a rocky road for the next 12 - 24 months though.
Posted by beaverfever
Arkansas
Member since Jan 2008
35635 posts
Posted on 9/13/24 at 9:49 am to
I used to love this stock but I’m just done with these types of plays. There’s too much money to be made now in a less complicated industry. I’ll wait 2 years and buy it if it’s doing better then. It’s not a tech stock so no major money will be front running a turnaround.
Posted by UltimaParadox
North Carolina
Member since Nov 2008
52046 posts
Posted on 9/13/24 at 9:52 am to
No question it eventually rebounds, no idea how long that will take though. However it is too critical to the USA for it to fail.
Posted by Asharad
Tiamat
Member since Dec 2010
6317 posts
Posted on 9/13/24 at 6:54 pm to
quote:

Anyone buying Boeing?
I think they have more downside coming
Posted by ldts
Member since Aug 2015
2880 posts
Posted on 9/13/24 at 9:01 pm to
Yes, they're one of only two companies that do what they do. They'll eventually get things back in order and be ok.
Posted by Sho Nuff
Oahu
Member since Feb 2009
13639 posts
Posted on 9/14/24 at 12:22 am to
quote:

Yes. Bought during the thick of the pandemic in March 2020 for $148

Bought on March 18, 2020 for $98.33. When did you buy?

I'm going to buy more if it drops a good bit more. Unfortunately, I think it has more to go. But as others have said I think they're too big to fail. Same reason I bought in 2020.
This post was edited on 9/14/24 at 12:24 am
Posted by Suntiger
STG or BR or somewhere else
Member since Feb 2007
35819 posts
Posted on 9/14/24 at 8:10 am to
quote:

Bought on March 18, 2020 for $98.33. When did you buy?

I'm going to buy more if it drops a good bit more. Unfortunately, I think it has more to go. But as others have said I think they're too big to fail. Same reason I bought in 2020.


One of the few times I actually timed the market correctly. Bought in 2022 at $130 and sold a year later at $245.

If it gets back to the $130s, I’ll buy and hold again. But IMHO, I think it’s going to take much longer to rebound this time. It’s still a duopoly, but their reputation and business flow has been severely impacted.
Posted by kaaj24
Dallas
Member since Jan 2010
888 posts
Posted on 9/14/24 at 8:34 am to
I think long term you will be ok.

However, I’ve tried to get away from buying on weakness.

Basically being a monopoly makes people/entities fat and lazy.

Posted by Nonetheless
MAGA
Member since Jan 2012
34391 posts
Posted on 9/14/24 at 10:58 am to
will probably start buying this week. long term hold
Posted by Asharad
Tiamat
Member since Dec 2010
6317 posts
Posted on 9/16/24 at 11:36 am to
The company has management issues top to bottom. They need a lot of turnover and fresh management.
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