My partner and I plan on buying stocks in BA, or the Boeing Company. This stock looks promising because although there are some price peeks and valley's, they are not steep, and the companies price has been increasing on average the whole year. The price in stock has gone up from 33 to 69 in the last year, with it's highest price being 70, and it's lowest being 40. There is no way I could have lost money if I invested at the beginning of the year.
I expect the stock's price to increase, because in an article published today by Thomson Reuters, it is stated that Irag plans on buying 55 new planes from Boeing, along with training programs for their new pilots. The deal will rake in $30 million to the Boeing Co.
This purchase fits our plan because as a group we decided to spend 40% of our money on conservative risk stocks. Since this stock is on the Dow Jones list, it is considered conservative, and as far as conservative risks go, this one seems like it might be beneficial to our cause because of the new of new planes for Iraq.
By Jenna Weinblatt
by Jenna Weinblatt
Boing Boing!
ReplyDeleteBy the daily highs and lows, I do not see why you feel it is a conservative stock, I believe it is more of a mid-risk type. As of today you are losing money, less than you were at the extreme low of wendsday but nonetheless, a loss.
I am curious as to how you feel about Boeing Inc giving planes to Iraqi trainees? I think it is very noble. What is "our cause"? please clairify.
Still, good blog all around, concise and somewhat detailed.
-Rashel, not Natalia...RASHEL
Post Script: Despit losses, over teh long term you can make the money but this is short term so that is why I disapprove.
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