the culture of p/e around alibaba is less than 15 by now. if alibaba stays the same earning growth path, a fair price is $40 apiece. PE at $40=15=($40*24.8)/$64.83. PE does have its own culture after years of reseach in PE growth in a particular country and economic environment.
trading volume today, twice of the average in huge downward momentum. We can't fight this battle alone.
Next week, we will shake trees as bottom processing. I expect the trend is to be held.
heading to the "r" territory. The only tool left is selling gold so that dollar can be weakened. Do it mean good or bad to gold price?
China can't afford peg Yuan to gold. Gold is up because economy is down. It's just that simple.
looking forward to the bell.
this is truly the first time I officially appear in gold field again. Hello, the world! Welcome me.
the target is 100 for short sellers.
The game is changing. Demand for foreign goods is slowing down as Chinese import data is showing. The case is deteriorating fast.
I will change mine to Baker Brother or Aker Brother.