start going down. Along with statements of overvalued, they give you the Chicken Little warnings. Too funny.
You're welcome. This stock is very volatile right now and it looks like the computer algorhythms have taken over. Hoping for it to settle down and resume "normal" trading.
When it got real close to dropping below 100, that would have been the opportune point of entry. Since that's now history, either jump in when it dips a dollar or more from 103. No guarantees given, just my trading opinion. NFLX is a Wall Street "darling" and that provides a modicum of safety.
As Icahn stated on CNBC, the stock had appreciated so much that it would be ridiculous NOT to sell. Any other guess on your part is just wishful thinking.
The trading action sure points to heavy shorting and probably by some institution(s). They've got a stranglehold on BABA and longs need a really strong catalyst to break it.
I took a shot at 481.09 thinking maybe I'd get a 20 dollar rise but going up over 70 blew by socks off! A 19 cent profit was totally unexpected.
AH activity is under 100K shares traded after about a half hour since ER release. People having a tough time how to react to the news and may continue into the next few days. Combined company forward guidance is necessary to see how good the expected synergy of the deal is working out.
Split the earnings between the two entities and gave no forward guidance which supposedly will come either this Friday or Monday. Lousy scenario which will cause the stock to bounce around until clarity is given.
Hope you have a Plan B. This downtrend may be market wide, just not stock specific. If the Dow can't hang at the l7,100+ level, more pain will follow.
Shanghai index down another 4% Friday which means all of the other markets worldwide are in for quite a day following that. Oh, the pain! Their manufacturing index dropped considerably and that, my friends, is not a good thing. Try and seek safety and wait for the turnaround - catch beaucoup profits after the bloodletting.
I got out of this one at the market open due to China's incessant market drops lately and hadn't read the SA article but it reminded me of what a short artist (Tilson) did to Lumber Liquidators and all the hysteria he created. LL is now a small fraction of what it was and I'm still not sure to this day if the charges he made against them were bogus or real but the results were devastating. This may end up being a replay of that event with a different stock and shorter. Good luck to the longs - I hate shorts.
Hope you have a Plan B just in case you're wrong. This ETF has been known for taking off for long periods at a time and not looking back. Always cover your ASSets.
If you're still there, you had an opportunity around 101.88 or so but don't know if you took it. It's now up a buck from that point so under 102 seems to work, at least for now. Very tough nut to crack right now. Good luck.
Looks like the turn has already begun but there will no doubt be a lot of resistance. Folks who bought at 100 will start selling.