Amazon Prime Day is going to be huge. It will not be a disappointment - I have never seen such pumping on the site, their packaging, and advertising. I think they will break every record.
Suffice to say, the results can only negatively effect BABA in the short term. Obviously in the long run its a good sign for all internet retailers, but the articles "Amazon Prime Day dwarfs Alibaba's Singles Days Combined" are not going to be great on July 13th-14th.
I am not going to act like I know about the billion dollar bid process, but I do know that with so much money on the line (lets use $5B as a total made up number) that the process can take an extremely long time due to the importance of just 1%. Small percentages can add up to $100,000,000 very quickly and as such even with the "final bids" I think there could be a lot of back and fourth.
Lets also not forget that YHOO has to review the bids and then any negotiations involve meetings on both ends with board members, consultants, etc. TLDR: its going to be a long process.
Just dumped at 37.99. I think there is a lot more room for bad news over a three day weekend especially with the European markets open. I will enter again on a dip in the next two weeks.
I had a limit sell in yesterday at 37.44 and cancelled it after deciding there was more upside than downside from the shareholders meeting. Now that the 50 day MA has broken I'm in for the ride. I especially like that YHOO is tracking higher than BABA. I'll probably look for an exit point next week. And keep riding the wave.
And I note that since YHOO punched out of its 50 day MA it is tracking much higher than BABA for the first time in ages. If BABA also punches through there could be a 2.5% up today.
Oh man you're lucky! I'm in Philly so we barely go anymore unless we can make it during the week. That place has become a nightmare on the weekends.
I think institutional investors have determined based on the Shareholders meeting that the sale is coming sooner rather than later and now is the time to get in to make 10%-20% in a three month period.
I don't disagree that they are dragging their feet, but these companies need a lot of time to make an offer in the Billions. Rushing that process isn't going to be any good.
I hear you, but there really isn't any downside to giving a few positive teasers. "While we will not talk specifically about the bidding process....patents....property...unique users...mobile...fantasy..."
The timing is interesting to me. I think YHOO teases some really beneficial info, letting momentum build for legitimate institutional purchases as opposed to a short term afternoon jump. I don't think any "bad news" will be leaked. For instance they are not going to say "The bids have been underwhelming."
Man I wish I still skied a lot. When I do Elk or Blue Mountain. A trip out west/New England every year. I didn't get a single day in last year for the first time in 20ish years. You?
Its certainly possible. My overall feel from reading everything is that the offers have not been incredible. When a deal is in place I agree with you that the stock will rise. It could also rise due to BABA related news. They continue to drag their feet on that deal. I think that we will see the stock continue to fluctuate between low 36's and high 37's. Those that are in are in. I am happy to ride the 5% wave back and forth.
Ride the waive!