Analyst cut was out long before the drop. Wsj headline did he trick. Just like a few weeks ago when they put out the bogus headline on Yhoo core only being bid for 2-3 billion with no context on real estate and patents not included.
Lol. Idiots in pre market....
Not true. As a holding co the shares then can only be looked at as an acquisition target. A target most likely of their Asian asset owners. The tax overhand goes away and is replaced by the discount required to make their Asian parents bite. Similar to what SoftBank needed to do in order to monetize a large chuck of their baba srake.
I'm drinking my own kool aid and bought 400 baba at 79.66. After the dust settles and people realize this is baba being bullish on baba, the PPS will run tomorrow. I usually only trade options or futures but feel strongly about this so nibbling in the AH.
Sovereign and baba management as well as baba itself accounts for $3 billion. Its the other $5 billion that will put pressure on baba PPS. Which is silly imo. Just a buying op. Think about it; its down $6 billion in the after market on a $5 billion divestment (not counting the $3 billion already accounted for). Buy baba here.
They are both right. What makes you think all of the 4% is being sold directly to baba?? There are other players in this transaction.