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RE: TIB: Today I Bought (and Sold) - An Investors Journal #381 - Italian Insurance, Aircraft Manufacture, Australian Banks, US Technology
Boeing setup is attractive but I think opportunities for better entries could come up as the noise tk the potential liability of this may spook the market and send it lower; which is when a value play can come into play.
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My bias is long. There are equally short set ups for the short term bad news. It is possible to construct a ratio put spread with the sold puts at that key 290 level.
I am relying on the size of the balance sheet being able to absorb the liability hit. That is a long journey yet which for sure stretches out.