> it will rebound just like it did with the last 737 issue a few years ago
I’m eyeballing the boeing 5Y stock graph and I’m not seeing that rebound. It was around USD 330 when the MCAS issue grounded them. Then it was riding above 300 until the march of 2020. Collapsed there presumably due to Covid and then the highest ever it climbed was last year december with USD 260.
It seems if you bought stock just after their grounding you are very much in the red with that to this day. So where is the rebound?
Lion Air 610 crashed October 29, 2018. BA closed at $357 that day. It continued to go down to $304 on December 17th 2018. By February 25 2019 it hit a high of $440. A month later Ethiopian Airlines 302 crashed sending BA down again. The larger issue beyond this was covid sending the stock plummeting so it didn't really have a chance to rebound after the affected 737 models were recertified and not grounded anymore.
But you're coming at this from a long term investing point of view. If you're day trading or swing trading (which is likely given it's an individual stock and buying individual stocks for a long term investment is rarely a good idea) then it presents an opportunity. Of course, nothing is a sure bet in the market but seeing something like Boeing down 18% can present a short term opportunity for speculators. Would I put BA in my retirement funds? Absolutely not. Would I try to swing trade BA in a case like this? There's a good chance.
I’m eyeballing the boeing 5Y stock graph and I’m not seeing that rebound. It was around USD 330 when the MCAS issue grounded them. Then it was riding above 300 until the march of 2020. Collapsed there presumably due to Covid and then the highest ever it climbed was last year december with USD 260.
It seems if you bought stock just after their grounding you are very much in the red with that to this day. So where is the rebound?