Boeing's Descent - Sell Now

Watch out for Boeing short selling tomorrow. There are a few pieces of news that will surely sell a 5-10% sell off of Boeing this coming week. The headlines will certainly scare investors as investors wake up to the recent news and announcements from Boeing. This stock may not be a "Buy the Dip" stock, since confidence in current and future aircraft is shaken, Boeing stock may take time to recover from this.

Key points from March 10th to look out for:

• Second Boeing 737-800 MAX has crashed shortly after take off in Ethiopia.
  
• Ethiopia Airlines has grounded all 737-800 MAX Fleet
  
• China has now grounded all 737-800 MAX planes.
  
• Boeing has postponed the 777X Debut in Seattle indefinitely.
  

Comment:

- Indonesian Transport Ministry called for the temporary grounding of all Boeing 737 Max 8 planes operated by the country’s air carriers.

- Cayman Airways grounded all 737-8 MAX planes.

- MIAT grounds all 737-8 MAX planes.

- Royal Air has grounded their 737-8 MAX planes as well.

Comment:

Still in play, keep your money out of Boeing.