Boeing: Ready for Take-off - Pawel Kaczmarek

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Boeing: Ready for Take-off
Jul 22, 2008 12:30 PM UTC

Pawel Kaczmarek

Return	Risk
-25.86%	LOW

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Symbol	Sentiment	Start	Return	Closed
BA		07/22/08	-25.86%	--

Via Long Investment Ideas from Seeking Alpha:

Boeing (BA) seems to have found large support in the range of $63 (I wish I posted this $4 ago). Hopefully, we will see this range again as some random event causes oil to spike and market to fall back from this 500 point rally.

This call is based on the hypothesis that fears of order cancellations are overblown. I think that this recent SURGE in airlines can result in stock being issued to afford these new fuel-efficient planes. However, this call does not depend on such a scenario.

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