As a follow-up to the previous article on Boeing that I wrote, I want to make a bold statement that this stock will have a solid day amidst a buying frenzy on Wall Street tomorrow:
- The Dow should be up over 100 points tomorrow (my guess 114 points). Boeing will pass the $75.00 mark before 12:00 pm and barring any international surprise, should close at or really near it's 52-week high.
- Look for some serious money to be pumped into the stock tomorrow, and watch the option volume on May BA Calls at $72.50, $75.00, $77.50, $80.00.
- I'm expecting a 1.00%-1.85% move to the upside for BA. That might be close to reaching the huge price move in February, when it picked up that nice Defense order from the US Airforce for the 35 Air Tankers.
- Great trading to all,
- Jeff the Genius