Have you ever looked at the Mormon church. They don't peach, just walk the talk of trying to serve others & very practical. The perception about the Mormon church is inaccurate. They don't defend & focus on being good.
My 3 neighbors are Mormon. The nicest people. One is a VP of a well known company. I know a couple who spent 1 month a year in Africa to do service work, they are Christians, very good people. They keep saying their church is the best, Catholic, Mormon are no good. When I sakes about my neighbors about other churches, they said good people are everywhere. Judging people is not a good thing.
I think we are so luckily in our country. We keep focusing on the bads. Rather than being constructive. What a waste of energy.
I own another stock at ipo, it had 1 split so I know how it works. Very simple.
If you bought 100 share of BIDU at $50 before any splits. $5000 investment
BIDU had 10 to 1 split just like VIPS did a few weeks ago.
So now you own 1000 shares (100X10) at $242 per share. $242,1000.
Times 10 if you at the chart. Like BIDU, if they did not spli, the price now would be $2,420 per share. Look at PCLN or BRKA. They did not split.
Investors of BABA will be rewarded like BIDU and more.BIDU is also a great investment going forward. Extremely difficult to compete with BABA. To invest longterm, ask the question.. Will anyone be able to compete with BABA in the next 10 years.? My answer is NO.
Traders trade BABA daily so just do not look every minute. When down, add a little more. I invested in BIDU since IPO but jump in & out so many times using TA. There was many times I got back in higher, some lower. Is it worth the effort? No. My focus should be on the fundamental of the business, not the charts. At the time I did not understand much about FA, knew TA well. So put your effort in FA unless you know TA well to trade BABA.
I learned a long the way. My other stock bought at ipo was $15, after one split, the price now is $125. 100 shares then coated me $1,500. I now have 200 , $25,000 (I have a lot more than 100). Here is the regret. I sold a total of over 5000 shares when it went up to $21.
Good luck to all, buy some, add slowly on great companies and be patient. No one can get rich in a week or two. Spend time to understand BABA business. I read everything I can about BABA, not about the prediction for stock price on Monday. With my understanding now, I own BABA & plan to invest for a long time. China is growing. Good % moving to middle class, tons of growth ahead.
They are the leader like you said. Today is option Friday so they manipulate the price. They are growing their customer base a good %. Investors need to be patient. It was over $100 before.
SPLK was over $69 a few days ago when market was lower. Good earning and chart breaking out. Take a look at weekly chart. Ascending triangle break out & $74.95 is next.
China lowered interest rate for the first time since 2012. More buying power for consuming.
BABA will go above $120 & higher. Lock it up. BABA is a lot more than ECommerce.
Fast Money value fund manager owns BABA. Pete said to $150. Cramer said even $125 now still not expensive, same as FB valuation as $125.
Good luck to all. Up 5% German market. Our market futures up sharply now.
It seems to me you always make thousands on every trades. Bought BABA the right time, sold at the right time. Perfect every time. I haven' heard that before.
Great post. Invest in BABA. Buy on dips and tuck away. Look at just 1/11 1 day blowout sales. Since IPO, it's a free advertisement for BABA. People loves Ma. He's a humble man. Our relatives have been a customers of BABAfor about 3 years. We order from U.S. Their customerservice is so nice. When my relative had a back problem, they sent him a massage machine.
We will own BABA shares for years and will continue to be their customer. Keep it up Ma. You are helping small businesses in our country.
What is your average price for BABA?
Great answer. For great growth with potential like BABA, just invest in them. I jumped in& out of FB too. Found myself got back in higher. Add some on dips to build your core position. The big funds like David Tepper did not buy BABA & sell in 3 weeks. They will not sell until they double their money or more to rebalance their portfolio . Cramer held on to AAPLE about $215 pre-split. Trading too often do not make people rich.
I started trading FB since ipo many times. The latest I bot about $50, you can see on chart when, sold at $62 & got back at $68.
Manage our bottom lines, not to focus trading on 1 stock.
BABA will announce a blowout ER. So add slowly on dips.
Great time to buy is on secondary. Smith chairman of GOOGL sold 42% of his holding at $730 pre split.
Wooden trust still hold over 90% 44.2M shares & plan to hold for a long time
Institutions plan to make 40% 50 100% after the bought shares .
Look at FB at an example. Insiders sold at $18 $24. . People needs other things to do in life. Bill Gates owns other stocks & charity work
The strength premarket after the news tells us that GPRO will try $90 very soon.
These institutions will make a lot more that offering price. They hold longer for bigger gains. Remember, high was $98.5 not long ago. So $78 is cheap.
Yes. Smart move.people sold without understanding. AAPL did this similar thing a couple of weeks ago.
Funds DO NOT jump in & out of stocks like swing traders. They hold them for year/years. Karen of Fast Money bought shares recently. Many more funds haven' purchased shares yet. Cramer bought AAPL when it was about $215 for his fund, when down he added some more.
Pete of FM sees $150 short term. Cramer said the same. Owning BABA now just like we bought WMT years ago. BABA is a lot more than WMT.
Funds purchased shares of FB right after ipo, did they sell when it went from $18 to $24.
Some here even thinks funds purchased shares right at the bottom $82. Well, that was the market correction bottom. BIDU was $190 VIPS was$170for example.
Many funds & investors did not get back to the market until it SPY above ma-50.
You get the idea. Funds invest in BABA. They do not stare at the charts 100 times a day for one stock. No one makes money that way. Always look for many other opportunity . Stop worrying. $120 an even number. Traders moved in & out. BABA will be up much higher.