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Originally Posted by paraclete

What is with this site and the space bar?

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That's why I type short answers.

Hello again,

Boeing stock dropped like a ROCK after the president came down hard on them. Do you think Trump, the businessman, KNEW the stock would plunge after Trump, the president, made his announcement?? Isn't that profiting unfairly?

By the way.. Trump only SAID he sold his stock. We have NO independent verification, so we have to take his word for it. Do I think he'd LIE?? Bwa, ha ha ha ha..

excon

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Originally Posted by excon

Boeing stock dropped like a ROCK after the president came down hard on them ... Isn't that profiting unfairly?

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How would he profit? Only if he had shorted the stock, which seems a bit far-fetched. And by the way, Boeing's stock did not fall like a ROCK - it dipped $1.65 from its Monday close in early trading on Tuesday, which is only about 1.2%, and actually finished the day up $0.57. The meme that Boeing's stock fell precipitously is an example of false news.

Of greater concern to Boeing (as well as many other US-based manufacturers) is Trump's stated intention of imposing import tariffs on goods made by US-based companies in other countries. This would inevitably lead to a tariff war which would make companies that export products such as aircraft, construction machinery, refined petroleum, and grain much less competitive on the world market, while raising prices for American consumers. Many people don't realize that the US is actually the second largest exporter in the world. That's why his proposal is such a terrible idea. And thankfully the Republicans in Congress are making noises that they wouldn't support it (though it's not clear if they have enough backbone to buck the Trump).

Hello again, e:

Selling your stock, and/or short selling (borrowing stock to sell), is the SAME animal. You profit by losing less. Otherwise, you're right on.

excon