Friday 12 July 2013

1pm update - fire causes drama in Boeing

A hot summers day in London city...even the planes are catching fire, Boeing shares collapse 7% in mere minutes..which has knocked around 50pts off the Dow. Other indexes holding pretty steady though, and the 'melt into the close' remains very likely.


sp'60min


BA, 1min



Summary

A little drama in the capital with the main airport closed due to one of those 'dream liners' getting a little hot whilst parked.

Price action/trading volume pretty exciting for Boeing, will be interesting to see if they can manage to get a close at least >$100.

If it does turn out to be those batteries..Boeing has a real problem!

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Live plane coverage .. see Flightradar24 , and search for airport LHR


1.16pm.. clown cheer leader (re: boeing) 'its coming off of its lows'...

Is is surely a contraction obligation of them to say it..at least once each..per hour.

Meanwhile...London skies are emptying...as LHR is back up