They take forever...wait till the Chinese Communist Party berates Jack Ma for embarrassing Chinese corporations doing business internationally.
To me, it appears like after the dust clears, YHOO non-core will continue doing business and retain BABA shares. But who knows...almost anything could happen.
Shorts have already covered. Looks like some people were expecting big news from Chinese government so all the China stocks popped. If news doesn't come out during AH or tomorrow's premarket, BABA may gap down tomorrow am.
Strange trading today. It sure seemed like some people were expecting important news to be released. If the news isn't released during AH or pre-market, we could just as easily gap down at the bell tomorrow morning.
Buying options at this time would be a mistake because BABA hasn't gone anywhere for a couple of weeks. It's unknown how long this situation will. At this time the only way an option trader can make money is by going short.
It's pointless to gamble on the weekly options...BABA weekly options have no liquidity. If you want to speculate...focus on the monthly options.
I pretty much agree, probably at least 6 months before IPO. Then there's always the possibility that Alipay may stay a closed corporation.
Today, BABA has been on a roller-coaster and the VIX has gone crazy. Somehow, these crazy politicians are getting WS upset and market volatility has gone up.
Now we can get excited. AMZN has shown, it's all about market share. BABA will have control of the China online market for the next 10 years.
Jim you better learn how to do accounting fast. Don't worry about your short position, you can always cover at a higher price.
Tomorrow at 9:00 am EST, we'll know then whether we will pop for the day. GLTA.
So far Chanos is not successful in manipulating the market. All he said in the YHOO article is obvious and priced in.
You don't need to repeat what I've already said. BABA normally trades well during AH because of the time difference between here and China.
The hedge-fund managers are going to hit it big tomorrow morning. By today's close, it's very clear that we will pop tomorrow am.
I tend to agree with you, however, right now I'm pretty close to delta neutral. That basically means I'm heavily hedged going both directions. BABA has been trending down the last two weeks, so after earnings there will be a lot of volatility, we'll either pop or drop.