Final Update: BA is going to tank
Обновлено
So, this is my final update for BA. I have run the numbers (which I hadn't before previously posting).
I am now regretting that scalp. I should have just held. This thing is going to tank. There's just no other option at this point.
No matter how I run the numbers, no matter how far back in stock data I go and how optimistic I try to make the data (I went up to 5 years back), the projections are hard negative after today. Like HARD negative.
Like so negative your heads are going to spin.
To put it in perspective, I even went ahead and optimistically projected what would happen if BA hypothetically maintained its current level for a week. Result? Still negative.
The only thing that BA could do that would steer the direction less negatively is if BA broke 231 and held it for at least a week. Then the projections turn slightly more positive.
I am expecting a small relief bounce on Monday, but then I think the selling is going to continue. If BA hits 209.28 or lower on Monday, the projection is essentially confirmed. I will be anxiously watching.
It looks like it must be the season of the bear. ;)
I am now regretting that scalp. I should have just held. This thing is going to tank. There's just no other option at this point.
No matter how I run the numbers, no matter how far back in stock data I go and how optimistic I try to make the data (I went up to 5 years back), the projections are hard negative after today. Like HARD negative.
Like so negative your heads are going to spin.
To put it in perspective, I even went ahead and optimistically projected what would happen if BA hypothetically maintained its current level for a week. Result? Still negative.
The only thing that BA could do that would steer the direction less negatively is if BA broke 231 and held it for at least a week. Then the projections turn slightly more positive.
I am expecting a small relief bounce on Monday, but then I think the selling is going to continue. If BA hits 209.28 or lower on Monday, the projection is essentially confirmed. I will be anxiously watching.
It looks like it must be the season of the bear. ;)
Заметка
Would you look at that?We passed below my short projection of 209.28 which is great for my profits and confirms my analysis.
Oh no!
I"m holding on though. Anticipate this becoming a penny stock. (Obviously I am joking, but may be not that far off! ;) ).
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