Dated: July 19, 2013
The stock price of Boeing has recently enjoyed a meteoric rise from the low $70’s to approximately $107. The crash of the Asiana airliner at SF0 earlier this month did not seem to faze the investors, although the fire that broke out in an Ethiopian airliner parked at London’s Heathrow Airport a few days ago did briefly push the stock price down to below $100, which quickly recovered. Nonetheless, based on my I Ching analysis, there is good reason to be worried about the performance of the stock in the next few months. The following are the predictions based on this analysis.
This is the year of the snake in which the elements water and fire keep on battling each other, with fire prevailing in the first half of the year and water dominating in the second half. At the moment the dividing line is just about to be crossed. Generally speaking, the flight of a plane assumes the characteristics of fire, which rises up in the air. As a Corporation, Boeing thrives on the element of fire but gets balked down by the element of water. On that fateful day of July 7 (a strong water element day), a Boeing 777 (the number seven belongs to the element of fire), one of Boeing’s prototype of planes which have experienced no accidents for 18 years straight, crashed landed at SFO. Not surprisingly, the name of the airline involved in the disaster is Oceana (a gigantic body of water)! This occurrence signifies that the water element’s influence has already emerged and will gain momentum in the months to come. Consequently, the second half of 2013 appears to be a period of adversity for Boeing, or at least a period lacking of prosperity. In my estimation, Boeing’s stock price will retreat to below $90 in short order. However, since the company’s fundamentals are excellent, the stock price of Boeing will resume its rise in the beginning of 2014 and should reach new highs in the first half of that year.