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Two Ways To Play: Boeing's Dreamliner Grounded Once Again


Strengthen your portfolio in good times and bad.

Bloomberg reports Boeing (BA) said it will delay the test flight of the new 787 Dreamliner until after the fourth quarter because of the recent strike.

A spokeswoman for the company said that no new timeframe has been established yet but one analyst at American Technology Research predicts the Dreamliner probably won't fly for the first time until February or March, pushing deliveries into the second quarter of 2010.

This is the fourth delay for 787 and delivery for the new plane was already running 15 months late before machinists went on strike for eight weeks. The strike costed Boeing about $100 million in lost revenue each day.

From the Bull Pen: Planes or Trains? The better bull play might be Burlington Northern (BNI). Consider a sell stop below $90.

From the Bear Cave: Boeing finished up on the day, but given today's 4% move in the S&P, BA's performance was quite tepid. For a downside attempt, one can use a trade above the 50 DMA ($54.70) for a buy stop. Another option is to wait and see if it can approach more significant resistance near $60.
No positions in stocks mentioned.

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