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Looking to short Boeing $BA for a potential $40 (10%) move.

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Boeing Company (The) (NYSE:BA)  
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NYSE:BA   Boeing Company (The)
Trend Analysis Chart Patterns BA boeing Stocks weeklychart shortsetup Engulfing Candle engulfing_rejection_bar pullback pullbacktrade
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trendanalysis chartpattern ba boeing stocks weeklychart shortsetup engulfingcandle engulfing_rejection_bar pullback pullbacktrade
After a parabolic move up, then a breather, and another 10 straight weeks of aggressive gains...I am looking to short Boeing on a pull back from the $420's down to the $380 range. Currently trading at $422.

Special tips:
- I cite "Irrational Exuberance" as the reason for this short, however...
- Remember that "the market can remain irrational longer than you can remain solvent".
- In other words, don't bet the family trust on it. A move over $440 can tear the face off of shorts one more time as it did in its last break higher.
Dagangan ditutup: sasaran tercapai:
Not the kind of unfortunate news we would want to see driving price.
Penafian

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