I've been trading for 40 years and have seen the good, bad and ugly like people who presume that someone is a newbie. Don't need your snide criticism. This company is solid but is currently being treated unwisely which will pass eventually. This short term volatility is what bothers me. And BTW, we're in a an extended bull market, not a bear market although it may seem like that to you.
Is the fear factor THAT great? They ought to have a 6 pack of their favorite beverage and mellow out. Causing a lot of normal people to freak out and join the heard towards the exits.
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.
QUESTION: Before you read that article, had you EVER heard of Cintron? A lot of scared rabbits overreacting to a news story.
Same action that happened in the early market - fear is a powerful motivator even if it is misplaced. 800K shares drove it down to 103.96 - an exagerated move. Nothing has changed since the market closing except new folks throwing their shares away as fast as they can. I'm betting they'll be back later buying those shares back at a much higher level than where they got rid of them.
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.
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.
Instead of fixating on the P/E, you should be aware (if not, you're not paying attention) of the many problems China is experiencing right now. To be in a Chinese stock right now (even one listed on the NYSE) is dangerous and highly speculative. BABA will eventually become a star at some point down the road but the immediate short term future is not good. Go with NFLX of the two but there are thousands of other stocks out there not in temporary trouble.
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.
If you're waiting for a ridiculously low price, forget it. The current fluctuation is just another overreaction to some news story. It will soon pass and you'll still be sitting there wondering if it'll ever come down real low.
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.
start going down. Along with statements of overvalued, they give you the Chicken Little warnings. Too funny.