Chinese are smart. I keep saying that. They rather eat rice & salt but not driving the price down when they know great future of the company.
Also many big, smart funds own shares.
What is your time frame & your PT for BABA? Thx.
I see great potential but due to fear of lockup expriry. There will be mot many shares any way.
It's a coiled spring.
There are so many good news lately. The latest is Uber, taxi expansion in china. So much more growth in all aspects of BABA business.
This coiled spring pattern when above $107.77 will lead to $114,25
Story will be air globally . CNN FOX Bloomberg, etc
Free marketing for Alibaba. Very good news.
After investors conference yesterday, EW received a number of upgrades
EW to $150 when mrkt stronger.
Holding extremely well in a deep red market.
Ieve that split coming soon.
Companies sue each other more often than we think. AAPL being sued often.
It takes years to have the end results.
Give you an example. EW a new ipo 14 years ago, after not long after ipo was sued by MDT on patent.
EW stk went down first then with great growth, after 1 split it is now about $130, ipo was $14.75
MDT after years, stk did not appreciate much.
A few years ago, EW then sued MDT on a new product.
Bottom line, if good products & great demands from customers then stock price will appreciate.
Buy good growth companies.
It take years to resolve the lawsuit. Do not need to watch hourly. Financial numbers is what we need to follow. CSCO has no growth & they are loosing customers to ANET!
I have not seen a weak stock like this. Is Icahn going to say something to share holders?
Great decision. SWKS is a great long term hold. I flung myself trading & got in higher many times.. It is a cheap stock. Look at PEG, so low