Go to yahoo info on Yahoo finance and look for your self
Net Share Purchase Activity
Insider Purchases - Last 6 Months
Purchases N/A 0
Sales 11,106,900 7
Net Shares Purchased
(Sold) (11,106,900) 7
Total Insider Shares Held 133.54M N/A
% Net Shares Purchased
(Sold) (7.7%) N/A
Net Institutional Purchases - Prior Qtr to Latest Qtr
Net Shares Purchased
Longs are in for rude awakening. The stock is going up because is the buy back. When the company have no vision and do not know where to invest or what to do with the cash they always resorts to stock buy back. There are many examples for stocks which declined after the buyback is done. One other thing the board AUTHORIZEZ the stock buying and that will not mean using all the 5bilion to buy the stock. Finally if you don't think Alibaba story is built in the stock price you will be dreaming. Once the next earning comes out and or the market decide to correct I think Yhoo id going back to mid 20's. Good luck to all
Research Track Record
Orient Paper Inc. in June 2010 after which the company's stocks fell 21%.
Before: $8.49 After: $2.40 (As of 10/29/13 Ticker: ONP)Rino International in November 2010, suspended trading in April 2011.
Before: $15.52 After: DelistedChina Media Express in February 2011, suspended from trading in March 2013 and delisted from the NASDAQ in May 2012.
Before: $12.27 After: DelistedDuoyuan Global Water Inc. in April 2011, after which the company's stocks fell 37%.
Before: $5.49 After: Delisted Sino-Forest in May 2011, shortly after which the company was suspended.
Before: $20.00 After: Delisted Spreadtrum Communications Inc. in June 2011, after which the company's stocks fell 30%.
Before: $13.55 After: $31.00 (Taken private)Focus Media Holdings in November 2011, after which the company's stocks fell 43%.
Before: $25.50 After: $27.50 (Taken private) Fushi Copperweld in April 2012 after which the company's stocks fell 11%.
Before: $6.65 After: $9.50 (Taken private) New Oriental Education & Technology Group in July 2012, after which the company's stocks fell 37%.
Before: $22.45 After: $28.08 (As of 10/24/13 Ticker: EDU) Olam International in November 2012 after which the company's stocks fell 21%.
Before: $1.66 After: $1.56 (As of 10/24/13 Ticker: O32)American Tower Corporation in July 2013 after which the company's stock remained unchanged.
Before: $74.71 After: $80.82 (As of 10/25/13 Ticker: AMT)
As of 11/4/2013 Muddy Waters has successes with 5 (out of 11) short positions, an achievable 45% success rate.
you have to options here
1- sell some call options to finance and reduce you naked call (spread)
so if you sell the 53 call option for nov 16 you will credit your account 0.53 an option.
2- wait and see because the earning was good and the stock could go up tomorrow.
I also advice you in the future never to buy necked option. look at the spread option to reduce your cost