iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
19,777 Blog Posts

$BA FUCKED; TRUMP GROUNDS ENTIRE 737 FLEET

Here are the details.

U.S. President Donald Trump said he issued an executive order grounding all Boeing 737 Max jets.

Of the more than 350 Boeing 737 Max jets in global fleets, 74 are flown by U.S. airlines, according to the FAA.

Those include United Airlines, American Airlines and Southwest Airlines.

BA is lower by 3%, putting downward pressure on the Dow. Other than this news, a non-event for markets.

I sold out of CNAT for +24% — day trade.

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20 comments

  1. edge

    Buy that BA. LOL.
    My SPY puts looking pretty decent, down 10 cents. Hedges must be popular.

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    • numbersgame

      VIX is up for the day

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      • numbersgame

        (this means S&P 500 options are going up in costs)

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        • edge

          Thanks numbers. Yeah, see, when the sp is up like the vix people are typically sensing risk of a top. Could be. How the fuck should I know? But I like the RW here on a put hedge.

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  2. edge

    Still don’t see any trades posted by alti. Must be all mouth.

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    • alty

      For sure all talk. I’m a keyboard warrior. I don’t trade, only accumulate (for better or worse). I enjoy poking fun at those that trade when they comment arrogantly as if they have any clue of future market direction. Market has and always will humble people like that. It’s why this place gets deadly silent during any sustained rally. As Fly said in all caps in his last post, you will never get rich trading.

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      • edge

        I have no idea where the market is going. I am arrogant for other reasons.

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  3. numbersgame

    This wa a no-brainer. Any true safety advocate (such as the FAA) takes the planes out until they know the problem.

    Of course, the current Trump-appointed acting head of the FAA is an industry insider (#DrainTheSwamp), so he represents the Industry, not the People, hence no decison from him.

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  4. numbersgame

    “I sold out of CNAT for +24% — day trade.”
    …leaving your followers holding the bag on this micro-cap stock Congratulations?

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    • numbersgame

      Fly, why don’t you try to find an undervalued micro-cap stock worth holding for more than 3 days?

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      • Dr. Fly

        STOCK CLOSED AT HOD ON 10x NORMAL VOLUME.

        Fuck off.

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        • Dr. Fly

          And why should I hold a stock T plus three if I am getting annual returns in a single day?

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          • metalleg

            Because numbersgame will feel better about his miserable life if you lose money.

            That’s how he rolls.

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          • numbersgame

            metalleg,,
            No, because I don’t like seeing little guys get eaten by WallStreet sharks. I thought that was why Fly left…

            If Fly’s micro-cap gains were actually based on anything other than “follow- the-leader” price and volume spikes, they would hold their value just fine. There’s 30M in outstanding shares and today’s volume was 5M. How do you think that affects price?

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          • i Bergamot

            its T plus 2 nowdays

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        • numbersgame

          10x normal Volume is my point: it’s just a short-term spike, timed from your purchase, like your other recent micro-cap picks.

          HOD was $3.02, close was $2.89. We’ll see where it is in a week.

          Other than that, investors are adults, so I’m going to leave your small-cap picks alone from now on and let them learn in the school of hard-knocks.

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    • edge

      JFC numbers. If you lose on a trade it’s your own fucking fault.

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      • edge

        Btw did you check out CLNE? I think that’s a decent small cap.

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        • numbersgame

          That one is harder to judge, but it will probbaly still retest $2.64 if anyone is interested in holding it.

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          • numbersgame

            That didn’t take long

            CLNE:
            close March 13: $2.92
            low March 14: $2.60

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