Boeing Dreamliner Problems bring Shares to $40

To follow the canceled and Hail Mary New Orders for Boeing's (NYSE:BA) Dreamliner requires an entire blog devoted to the subject.  Boeing Company shares have been all over the place thanks to turbulent Dreamliner developments, since June 8th BA shares have lost 22% of their value.  Have Boeing shares finally hit bottom?

The quick and dirty on Boeing shares -- how about that growing short interest?

Today's news Boeing is once again, bringing down the share price. 

July 2 (Bloomberg) -- Boeing Co., which indefinitely delayed its new 787 Dreamliner last week to reinforce the wing section, said it lost orders for 73 of the jets this year after Qantas Airways Ltd. dropped 15 planned purchases last week.

The company has also won purchase agreements for 13 Dreamliners, bringing the total order book to 850 planes valued at $151.1 billion at the average list price, according to today’s weekly update of its Web site. Boeing said 17 orders for aircraft were dropped last week and it gained nine new orders.

The world’s second-biggest commercial-plane maker said earlier today it delivered 125 aircraft in the second quarter, one fewer than in the same period a year earlier, as orders dried up because of the slowing economy.

The deliveries from April to June included 99 of the 737 single-aisle jet, the world’s most widely flown plane, and 21 of the 777 wide-body, Chicago-based Boeing said in a statement.

Airlines have been canceling and deferring orders this year as the global recession reduced demand and profits. Boeing won 57 orders for all its commercial models in the second quarter, down from 187 in the same period last year.

CRASHING TO REALITY 

Fellow Masters, expect Boeing shares to keep falling but at some point, the analysts could boost the share price should anyone say "the stock is getting cheap", but for now, the BA shares are just getting shittier.

However the recent analyst action has not been good for Boeing, see for yourself:

http://www.bloomberg.com/apps/news?pid=20601087&sid=ak_KG1JZM4O4