Max

Let's just saying Im doing OK after the 2nd crash, from $450 down the $350.

Enough to buy fuel for the Private Jet!

So you exercised your options? Or still holding? Inquiring minds...

I'm giving until Dec 1. There won't be any good news until then, if then.

So, your put options expire 12/01/19?

Glad I shorted Max!

• There is friction between federal regulators and Boeing as the aerospace company tries to get the 737 Max recertified, The Wall Street Journal reports.
  
• The Max has been grounded since mid-March following two fatal crashes.
  
• Boeing, which has a market cap of about $200 billion, has seen its share price fall roughly 20% since early March.
  
• https://www.cnbc.com/2019/09/03/boeing-slides-on-report-the-737-max-could-remain-grounded-into-crucial-holiday-travel-season.html
  

When do your options expire?

Whatcha think about today's Max news, Maxi?

 

SHEFFIELD, Mass. — A group of family members representing more than 50 people who died in the crash of Ethiopian Airlines Flight 302 are calling on the Federal Aviation Administration to conduct a full regulatory review of Boeing’s 737 Max before it is allowed to fly again.

 

The Max, which entered service in 2017, is Boeing’s most recent update to the 737, which was introduced in the 1960s. Because it was not an entirely new airplane, the F.A.A. reviewed only the parts of the Max that differed significantly from a previous version of the 737.

 

By certifying the plane with a so-called amended type certificate, the F.A.A. allowed Boeing to get the Max flying years sooner than it would have had the company introduced a brand-new plane that had to be certified for the first time.

 

But with scrutiny of the F.A.A. mounting after the crash in Ethiopia and an earlier crash in Indonesia, the families of many victims are calling on the F.A.A. to take an entirely new look at the Max. The plane remains grounded while Boeing works on a software update and other changes intended to make the Max safer.

Had I bought BA to hold for three months, I'd be worried about now. Ask me in a decade how this investment worked out. The first post in this thread was about a decade ago, Boeing's done just fine.

Maybe you'd like a ride on my Private Jet when you return. Perhaps Jimboivyo will also extend a invite to you!

Common non-title words (private and jet) are not capitalized in casual writing.

Go Short Boeing Stock (Again). Please!

Enjoy that 787-9 trip Maxi!

 

LATE ONE NIGHT last September, security researcher Ruben Santamarta sat in his home office in Madrid and partook in some creative googling, searching for technical documents related to his years-long obsession: the cybersecurity of airplanes. He was surprised to discover a fully unprotected server on Boeing's network, seemingly full of code designed to run on the company's giant 737 and 787 passenger jets, left publicly accessible and open to anyone who found it. So he downloaded everything he could see.

 

Now, nearly a year later, Santamarta claims that leaked code has led him to something unprecedented: security flaws in one of the 787 Dreamliner's components, deep in the plane's multi-tiered network. He suggests that for a hacker, exploiting those bugs could represent one step in a multi stage attack that starts in the plane’s in-flight entertainment system and extends to highly protected, safety-critical systems like flight controls and sensors.

 

https://www.foxbusiness.com/markets/boeing-787-security-flaw

 

https://www.wired.com/story/boeing-787-code-leak-security-flaws/

Thanks for that! Maybe I can set up some lazy 8 rolls to help me sleep later. Two hours down, only 12.5 to go!

Hardly a fair comparison...replaceable batteries to airframe defect is apples/oranges.

The criticism of the 787 was that batteries were dangerous in airplanes; not just the particular battery Boeing installed in the 787. The "fix" was not as simple as removing a AAA battery and replacing it with a better one.

With the 737MAX, there is no airframe defect. The aircraft is not inherently unstable and the flawed system was not designed to make an unstable airframe stable. The system was to prevent pilots from entering a stall. The flaw was that Boeing designed the system to rely on the input from a single source.

Smiling as I write this post aboard a 787-9 en route at FL390.

But hey, what do I know? Maybe the 737MAX will never fly and the inherent design flaws posited above will be found to extend to other members of the 737 family.

Place your bets!

Boeing Option Chain

Well if @Oaktown is accurate in his reply below - and I believe he is - it’s a design flaw that can’t be fixed. Other than software programming and pilot training...but it shouldn’t fly with the flaw.

Boeing short sellers to the front of the line please. This all sound very much like the fatal flaws attributed to the 787 battery issues that begat this thread.

Darling Maxi, I did short! Heck, BA went down nearly 7% just today.

 

Market Summary > Boeing Co

NYSE: BA

334.29 USD −6.89 (2.02%)

Closed: Aug 1, 7:59 PM EDT

After hours 334.00 −0.29 (0.087%)

Where did you find a market for a one-day short trade?

And you apparently cannot read...the $6.89 drop is just 2.02%.

Foul smell when you post...maybe bullshit?

Maxi, what were you saying about "Airbrush"?

My mistake.

The A380 may fly forever!

Just not with Qatar, British Airways, Singapore, Lufthansa, Etihad or Qantas. Or the major airlines who never purchased the behemoth in the first place including American, Delta, United, Japan Airlines, and others.

Holy feces Maxi, a $10-24 Billion hit!

I’d anticipate closer to $30B to include intangiable losses, but you may be correct and may be less.

The Max Crisis gets worse by the day. A bunch of people need to go to jail. This plane should become a very large and heavy paperweight.

You can whine like a bitch.

Or short the stock.

Even better, do both!

Please!

Boeing, still reeling from the two deadly 737 Max crashes, is setting aside $100 million to assist the families of victims and communities impacted by the accidents in October and March that killed 346 people.

 

That equals roughly $290k for each person killed. $100 million enough?

Clearly won’t stop there. Between bad PR and direct costs, my guess is they’ll likely write down the program by somewhere between $0.5B and $2B. Take that with full shaker of salt however, I’m not a financial analyst.

Still peanuts compared to profit on 787 and loss Airbrush will have with A380. No to mention the thousands of 737s left to be sold after this fiasco fades in memory.

Stock down again today. Short sellers unite!

Glanced back at the first post in this thread from just over a decade ago. On 06/24/09, BA closed at $42.37 and today at $354.00. Annualized 26% ROI.

I'll hold onto my prediction for a decade from now and wait this small storm out.

[MEDIA=twitter]1143985330951008257[/MEDIA]

Bet you're glad you bought the put options before the latest bad news!

Yup.

And 400 pilots have filed a class action suit.

Go all in short!

You’ll make a killing and retire to a life of Airbus-transported luxury!

Put me on this jury!

 

Washington (CNN Business)

An anonymous pilot is suing Boeing, alleging the company "demonstrated reckless indifference and conscious disregard for the flying public" in its development of the 737 Max.

The suit also accuses the Federal Aviation Administration of joining Boeing "in an unprecedented cover-up of the known design flaws of the Max, which predictably resulted in the crashes of two Max aircraft and subsequent grounding of all Max aircraft worldwide."

The FAA is not named as a defendant in the lawsuit, but aviation attorney Joseph Wheeler, one of the lawyers representing the unnamed plaintiff, told CNN he has begun the administrative procedure that "is a necessary procedural precondition to filing suit against the FAA."

Both Boeing spokesman Peter Pedraza and an FAA spokesman declined to comment on the matter. The lawsuit was filed on Friday in Cook County, Illinois, which is home to Boeing's Chicago headquarters.

Cover up. Sounds like shareholder suits are next.

Can I count on you to short BA now?

[QUOTE="Oaktown, post: 1737501, member: 11551"]If I was running an airline, I'd listen to Sully before betting large.

I think it’s a safe bet that WW considered all the available information before betting that much $.

Boeing’s Latest 737 MAX Concern: Pilots’ Physical Strength

Not unique to the 737 MAX; same as on the NG, which have excellent safety record. The issue is MCAS and pilot response to it.

Willie Walsh bet around $15B this week that the plane will return safely to the skies, and that IAG can make money flying them.

THOSE CX DAN DAN NOODLES THO

 

The day suites that overlook the tarmac at The Pier are my favorite. I'm an equipment geek.

The Pier is usually close to the DFW departure gate and I go there sometimes if I have a quick connection. Seat 2A on the DFW/HKG is my happy place.

JAL F lounges at NRT.

+1

But The Wing at HKG is amazing too. Better shower cabanas, great food. And a Champagne bar.

Agreed.

 

Actually, it's better than almost any 'name' Champagne out there (Dom, Ace of Spades, Cristal).

Had friends over for blind tasting, probably ten years ago. Favorite was a 1989 Krug, then Veuve Yellow Label, Krug NV, Dom (don't recall the vintage), Moet White Star and Korbel (the ringer) in that order. Except one dude who thought Korbel was the bomb!

You do realize you come across not only as a defender of Boeing but as someone who doesn't give a damn about the lives lost to Boeing's negligence and incompetence and is more interested in making money on Boeing stock?

 

The fact that Boeing is part of an oligopoly and its stock price will eventually rebound is part of the problem here.

I'm not defending anyone. Being wrong (with the benefit of hindsight) does not define negligence. In my opinion, Boeing was neither careless, malicious, nor negligent. And I'm just putting my money where my mouth is.

Similarly, I do not think that the pilots - who failed to follow the procedure all pilots learn in dealing with runaway trim - were careless or malicious. The fact remains however, that they did not follow the proscribed procedure.

Boeing and Airbus share a near domination of the commercial airliner market in duopoly. The former in partnership with Embraer and the latter having purchased the C series program from Bombardier and thereby eliminating their closest competitors.

As far as lives lost, preventable death is a tragedy whatever the cause. You will not find a single post I've made wherein I suggest otherwise.

OK, other than Max, who's up for the beta testing??

 

A new study by Atmosphere Research Group found only about 1 in 5 people surveyed would definitely fly on a Max in the first six months of its return to service. Roughly half said they'd be unlikely to get on board.

 

https://www.cbsnews.com/news/boeing-737-max-as-faa-weighs-whether-jet-is-ready-to-fly-again-americans-may-not-be/

I doubt 1 in 5 people know they’re on a 737, let alone which model.

“Every day, there is new news about something not being disclosed or something was done in error or was not complete,” said Dennis Tajer, a spokesman for the American Airlines pilots union and a 737 pilot.

 

Now news has broken that the simulators for the 737 MAX are 'flawed'.

 

https://www.nytimes.com/2019/05/17/business/boeing-737-max-simulators.html

Now's your chance to short BA.

 

Please.

Boeing says 737 Max update is being held up by FAA questions.

Real tough ones, too, like "how do we know it really works this time?"

 

https://www.usatoday.com/story/news/nation/2019/05/16/737-max-boeing-software-fix-done/3697037002/

Now's your chance to short BA.

Please.

The more information that comes out about your namesake Max, the worse it gets for Boeing. The lawsuits are gonna be epic.

 

Weeks after the first fatal crash of the 737 Max, pilots from American Airlines pressed Boeing executives to work urgently on a fix. In a closed-door meeting, they even argued that Boeing should push authorities to take an emergency measure that would likely result in the grounding of the Max.

 

The Boeing executives resisted. They didn’t want to rush out a fix, and said they expected pilots to be able to handle problems.

 

~NYTimes 14MAY2019~

They didn’t want to rush out a fix, and said they expected pilots to be able to handle problems

They (appropriately) expected pilots to follow the same procedure in this airplane that every pilot of every airplane follows with a runaway trim; you turn that shit off. Simple as that.

The more information that comes out about your namesake Max, the worse it gets for Boeing. The lawsuits are gonna be epic.

I doubled up on Monday at $340.

Now's your chance to short BA and prove me wrong.

Please.

I want to see Boeing executives, their families and Trump routinely flying on the Max for a year or two. Then I'll consider following suit. They must be out of their minds if they think a charm offensive to pilot and flight attendant unions are going to get me on one of those planes!

 

https://www.nytimes.com/2019/05/08/business/boeing-737-max.html

Read up on the system and changes made. It ain’t brain surgery and the logic changes will solve the problem.