On Friday the news hit of a fire on a Boeing 787. Yes, that same plane that BA was forced to take out of service because of lithium battery fires during flight. I don't know about you but I prefer my flights without fires on board. BA tweaked and fixed the battery issue and the 787s were back in flight. And then news hit of another fire this Friday during trading action. Sell, sell, sell said the market as BA cracked on Friday. There was no verification that this fire was related to the previous battery issue. There was just the uncertainty that the fire wasn't (see The Uncertainty Trade). This caused the sell-first-and-ask-questions-later activity.
After BA settled, I bought some with a stop Read more [...]
On Friday the news hit of a fire on a Boeing 787. Yes, that same plane that BA was forced to take out of service because of lithium battery fires during flight. I don't know about you but I prefer my flights without fires on board. BA tweaked and fixed the battery issue and the 787s were back in flight. And then news hit of another fire this Friday during trading action. Sell, sell, sell said the market as BA cracked on Friday. There was no verification that this fire was related to the previous battery issue. There was just the uncertainty that the fire wasn't (see The Uncertainty Trade). This caused the sell-first-and-ask-questions-later activity.
After BA settled, I bought some with a stop Read more [...]