04-08-2020, 02:53 PM
(04-08-2020, 02:41 PM)stockguru Wrote: Decided after all that to take a position in BA. I have missed this stock over the years only to see it triple. These levels here are low enough where I can wait it out. Its so heavily shorted that any positive news and this could go up $40 in a day. if it goes lower I will just add more.
I don't think you will regret this purchase five years down the road. Essential defense contractor that has a nice duopoly role in the severely distressed commercial aviation market, which will eventually bounce back. Don't get discouraged if there is significant volatility in the next year or so. Boeing will reward you handsomely in the end.
I sold out because they violated my rule about cutting dividends, but I will eventually get back in.