Replies to post #732 on Boeing Company (BA)

[bar1080]

More chart nonsense. And no, I'm not going to follow you.

BA hit a record high yesterday for me... based on fundamentals. I've owned Boeing for years.

[bar1080]

You shorted Boeing?!?!? Because a silly chart "made you do it!." There's no academic proof that charts work. Well, almost 50% of the time they work. LOL

"Boeing Co has an official topping tail in place and should now start selling lower. The next wave of selling will take the stock to the daily 50 moving average, which also happens to be a pivot point of support. The downside target is $191.00 from its current level. I am short. "

[bar1080]

One of the worst calls ever and more proof that charting doesn't work. Your BA short is the Dow's #1 gainer lately.

[bar1080]

You shorted Boeing?!?!? Because a silly chart "made you do it!." There's no academic proof that charts work. Well, almost 50% of the time they work. LOL

"Boeing Co has an official topping tail in place and should now start selling lower. The next wave of selling will take the stock to the daily 50 moving average, which also happens to be a pivot point of support. The downside target is $191.00 from its current level. I am short. "

That old post of mine is worth a repeat. Two points: 1) shorting is extremely dangerous; 2) charting doesn't work.