I went over the numbers this weekend and everything points to 120 by xmas GL2ALL
AGREE ---Wall Street transferring $50 BILLION of USA capital into china in order to develop that nation's social media network FOR FREE
Dumping VIE shares and bonds is easiest way for MA to get real $$$$!
Chinese Solar hypes LDK/STP done same things several years ago. Share holders and bond holders are wiped out completely.
Ma love real $$$$ and use paper money as bait.
Ma dump huge VIE shares for real $$$$ at IPO
pump Shares to issue huge debt for real $$$$
No Shares buyback
Non vote VIE=US law can not enforce share holder's rights+Ma secures Permanent Chairman and he can do anything
AVOID-Ponzi game that everyone loves
BABA had a nice consolidation back down to 107-108 after hitting a high of 120 and is now slowing moving back up. This is a very healthy pattern. I believe we will continue to climb up and will hit 125 by mid December. I hope you enjoyed the consolidation shorts! I would suggest going long from this point forward.
Sentiment: Strong Buy
Tried to warn my POOR sweet amateur BABA, Dow, and Nasdaq BASHER LOSERS and BASHER FAILURES, again:
First, the slimy wall street club is already allotting themselves their massive Xmas BONUSES, so they MUST continue to ramp stocks upward into the close of the year in order to justify their huge rewards.
Second, the massive $25 BILLION UBER IPO is coming up, and every major wall street firm is involved in the IPO syndicate, so the slimy and collusive wall street club MUST continue to ramp stocks upward into the close of the year in order to reap their share of that very lucrative IPO.
Third, the USA is now under full control of its Chinese creditors and, in my usual genius way, I very accurately predicted years ago that China's rare earth monopoly would "bribe" their wall street whoores to kill the competitive north american rare earth industry....and by the same logic, I recognized very smartly that, in Wall Street transferring $50 BILLION of USA capital into china in order to develop that nation's social media network, (another classic example of the USA kneeling down before its China creditors), I knew that meant that the obedient Wall Street errand boys/girls serving their Chinese puppet-masters MUST continue to pump and ramp BABA through the roof, for years to come.
Girls, re-read my usual genius posts and EDUCATE yourselves about how stocks REALLY trade, as opposed to the DISINFO NONSENSE purveyed by financial big media, especially the silly little clowns at CNBC!
Nonsense it is not even in the Guvm't inflation indicator neither is food. The issue for the Fed is not inflation but deflation due to the dollar bubble. This is a speculative bubble that continues to rise. I expect Saudi to cut oil production by 1 million bbls a day. Until saudi acts oil will be volatile. With dollar deflation you only think you are paying less for oil and gasoline. In real terms, its about the same. But if you have lots of debt then you are paying back that debt in very expensive dollars. Deflation hurts those with debt and benefits those with no debt.