Originally Posted by
Swiss Cheese
Interesting and incisive thoughts about Boeing, and following the money.
If it’s Wednesday, it must be Boeing conspiracy day on the MH370 thread……..
Please bear in mind that it might actually be in Boeing’s interest for this issue to be resolved in order to demonstrate that it wasn’t a mechanical or systems issue with the 777 that caused MH370 to disappear.
As for the share price, well done. You’ve put two and two together and got five…… The stock markets are driven by sentiment and can be susceptible to events, so there’s absolutely nothing surprising about a fall in the Boeing share price. There’s an old stock market adage “Sell on the rumour, buy on the news”; you’re just seeing this process in action. You can bet your bottom dollar that some of the people who sold their shares in Boeing will be buying them back at a lower price.
To suggest, as someone did a few pages ago, that MH370 could potentially cause Boeing to collapse is simply hysterical.