Another Banner Day on the Stock Market!
It looks like another green day for the Stock Market as the DOW is +139 points at the time of this writing.
Boeing is leading the way this morning, and is up $5.78 a share.
The big news coming from Boeing is that they delivered a record number of commercial jets in 2017, and thus the stock is surging this morning.
I’m tempted to sell some shares of BA, and there are many articles suggesting I do so, like articles that say you must sell when gains are up between 20 to 25 percent. My two positions in BA are up more than 50 percent, and my older position is up 104 percent this morning.
So, as you can see, the more a stock surges, one begins to worry… will there be a reversal?
And many investors are saying that a correction of more than 5 percent is inevitable.
But, the second longest bull market in stock market history continues to move on upward.
I’m actually inclined to think very long term these days especially if a stock has gained more than 100 percent. And start thinking more of a value investor instead of a short term trader.
The Boeing Company
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