BA had an awful year in 2019 with the whole 737Max debacle. I wrote at the time my thoughts about profiting from plane crashes and disasters, so I won’t repeat myself here. (A quick aside: Can you believe that was more than ten months ago already? Where does the time go? I must be getting old.) The thing is, they are far from being out of the woods, and the stock price is still all over the place. Hmm, we know what that means.
Here’s the Wednesday chart:
This chart just reeks of opportunity. The first entry was well signaled and there was ample opportunity to get out several times for a two grand-plus profit.
There was more to be had too, I’ve only marked the first trade on here, but ten minutes later there was another easy thousand dollars, and if anyone stayed around into lunchtime, another thousand after midday.