With The Volume Surging Like it Is I Say SHORTS Have Been Covering Since Pre-Market !!
May Hit $39 Today When MM'S Are Done Covering !!!!!!!!
Enjoy The Ride !! All GREEN From Here !!!!!!!!!
MM'S Trying To Keep YAHOO Down !!! Accumulation !!!!!!!!!!
From Forbes Asia .........
China Merges Wal-Mart With Goldman Sachs in Alibaba
Yesterday, the China Banking Regulatory Commission approved a pilot of five privately owned banks – a move designed to introduce competition and private capital into the state-dominated banking sector while providing better financial services for small and medium sized enterprises (SMEs). In doing so, it may have just created the single most powerful company in the world.
Among the ten or so firms approved to set up banks (each bank must have two or more founding companies) was Alibaba, China’s largest e-commerce company. To give you a sense of Alibaba’s size, sales on its two main platforms, Taobao and Tmall, topped 35 billion yuan ($5.75 billion) on 11 November 2013. Alibaba’s sales on 11-11 (Singles Day) were nearly four times as large as the $1.46 billion worth of sales on Cyber Monday, the Monday after Thanksgiving.
Oh Yes !!! How Big Is Alibaba ????????????
As Usual !!!!! The MM'S Already Knew In Pre-Market And Bagged A Ton Of Shares !
Oh Well !! Better late Than Never !!!!!!
Guys Look At The VOLUME !!!!!
We May Touch $39 Today !!!!!!
Guys ! The FlyOnTheWall Has BUZZZZZZZZZZZZZZZZ!!!!
Alibaba is preparing to file its initial public offering in the United States as soon as April, Bloomberg reports, citing people with knowledge of the matter. Shares of Yahoo, which has a stake in China’s largest e-commerce company, rallied 2% to $34.36 following the report.
Oh Yes !!!!!!!!!!!!!!!!!!!!!!!!!!!
From Fidelity's News Room.............
SAN FRANCISCO (MarketWatch) -- Shares of Yahoo Inc.(YHOO) saw some pressure Friday on news that China has blocked the smartphone-payment schemes of two Internet giants, including Alibaba in which the Web portal has a huge stake.
China's central bank temporarily suspended the smartphone payment systems, known as virtual credit cards, used by Alibaba and Tencent Holdings citing potential risks to consumers.
Yahoo (YHOO) was down nearly 2% in early trades but the stock recovered and were recently trading down a fraction. One analyst said the Alibaba setback underscores the uncertainty related to Yahoo's(YHOO) investment in the Chinese Internet powerhouse.
But an expected Alibaba initial public offering also came into sharp focus this week with a report in the Financial Times that the company was close to going public in New York.
Yahoo (YHOO) owns a 24% stake in Alibaba, an highly-profitable Internet powerhouse that is also widely-expected to go public sometime this year. The value Alibaba brings to Yahoo(YHOO) is widely-known to be the key factor for investor interest in Yahoo(YHOO) whose core businesses have been struggling.
"This is not a positive for Yahoo's(YHOO) stake in Alibaba," BGC Partners analyst Colin Gillis told MarketWatch. "This news may not have a near term impact on Alibaba, but the point we keep raising is any hiccup because magnified when a company carries a lofty valuation, and the future growth of a company like Alibaba is not always clear sailing."
In fact, there have been signs that Alibaba's growth is slowing. Yahoo(YHOO) reported in January that Alibaba's revenue surged 51% year-over-year in the September 2013 quarter, down from 61% in the prior quarter.
On the other hand, Topeka Capital'sVictor Anthony said it is "difficult to ascertain from where we stand what percent of revenues come from these two methods or how much was expected to come from them in the future."
Looking To Measure Alib
Will This Makes The Numbers For This Qtr ????
Looks Like A LONG Trading Day With No ALIBABA (((NEWS))).
MM'S Under Another Accumulation Session !!!
Cramer Even Has A Clip Out On You Tube Where He Admits That When He Was A Fund Manager He Used The Large Funds To Manipulate Bid And Ask On Stocks Of His Choice.
:(:( So Yes !!!!!!! The MM'S Rule !!!!!!!
Cramer Just Now, On CNBC, Also Said ""Upgrades On The Way"""
Oh Yes !!!!!!!! $4 By Next Friday !! You heard It Here First !!!
Alibaba News Hits London !!!!!!!!!!
New York is close to winning its tug of war with Hong Kong to become the place where Alibaba, the internet giant, goes public.
The online retailer has a relatively low profile outside its native China, but already dwarves Amazon in scale and is expected to reach a value of around $200bn by the end of this year.
Its initial public offering, expected this year, is viewed as a landmark event by New York and Hong Kong, with each city battling for position in the pecking order of global financial centres. New York is vying to maintain its supremacy, while Hong Kong is intent on scaling the ranks.
At one point, Alibaba looked likely to opt for a listing on the Hong Kong stock exchange, in order to capitalise on investors who are familiar with its enormous presence in the Asian market, and help establish the Chinese exchange as a credible alternative for technology IPOs.
Last September, it indicated that it was no longer considering Hong Kong, and would instead opt for New York, which allows a dual-class share structure that will leave the company’s founder, Jack Ma, in control. Even so, the company reportedly kept lobbying Hong Kong behind the scenes, to try to persuade the Asian stock exchange to allow the same sort of rules.
Hopefully, This Brings In Buyers !!!!!!