You and i got it right thus far. I sold after hours yesterday at 96.33, then bought back today at 94.85. I got it right and you got it right. What happens from here, we differ.
I predict a 5 to 7% pop after earnings announcement. Likely rise to 8 or 9% max in after hours trading, but will trend down, and open on Thursday 96 and change.
Apple will likely buy Tesla, that is why Tesla up today. Tesla team will take over iphone battery department and will build the 1st Apple Car. The car will come in different colors and have a slick look. Musk will replace Tim Cook and bring visionary ideas back to Apple.
Why not just buy a protective put. Then the put would guard (protect) your shares from being shorted by your broker. Would also keep you from losing your shirt if BABA tanks after earnings like BIDU did!
Sadly, he is right about volatility. Volatility is in the air. Today was a dead cat bounce for the market. Facebook is priced for perfection. Any blemish with earnings call will cause shares to tank. I unloaded most of my shares after hours today. Held on to a small position so will get the thrill of the pop in share price, if get a big beat.
Oh yea! Sort of like the fed did with QE1, QE2, and QE3. We (US) use the fed to protect our markets in a crisis. China rely's on government intervention. I knew folks that got completely out of stocks in 2009, and never got back in. Is this the right time to get out of BABA? Not me!!!
Sentiment: Strong Buy
Buy now, before you ask yourself "What If ?"
Buying at the bottom is not a bad idea. Buy low and sell high? Only hindsight will tell you that you caught the bottom, so got to take a little risk, and predict that bottom. Anxious to see what China gov does next. What will be neat is when measures start working, will stay in place for a while to guarantee actually working, particularly after this 8.5% selloff! Long and Strong
Sentiment: Strong Buy
Ok. China tanks, and BIDU has a revenue miss. BABA down at close and significantly lower after hours. If I were on margin, I would probably panic too! But, to get out now, when you have been through the fire, is truly panic selling. I like this, tells me bottom is near, and gap up is just a matter of days! Watching sheep panic makes me hungry!
Sentiment: Strong Buy
I was talking to Jack Ma, and he said bet the farm on BABA! I told him that I lived in the city, and he said bet the city! I told him that the city was near Vegas, and he said bet like you're in Vegas! Oh Lawd, I'm bettin like in Vegas!!!
What is frustrating about XLE are those days when crude has big rally, and XLE remains flat, or even goes down, Not easy to understand its day to day moves. May be a good long term hold, but I wouldn't buy XLE for swing trade.
Ok, maybe dipped into low 30's in 2009, and agree was a total rout. But how long did oil stay at that bottom. Oil is in free fall towards bottom now. When it hits, history shows there will be a significant bounce. I am only buying with significant dips now. If OIL falls below $9, I will add a significant position, and if gets below $8, then I will double down, then I will hold from there even if for 15 years. At some point, I will reap the benefits. Will not need any of the money invested prior to 15 years, so that is my strategy.
I could not imagine a better investment at this time in the market. We have watched AAPL over the years, GOOG and AMZN, NFLX and a few other stellar performers. However, BABA is the new Porsche entering the race. Poised to perform. Just like facebook, it has taken a little ride south after all of the IPO hype. Yet, despite all of the problems with the China economy of recent, has fared well. and is now creeping higher. Had a blow out earnings report last quarter and I expect will dazzle this quarter as well.
In time, within the next 2 years, I anticipate BABA to advance and have market performance similar to what we have seen with the other internet stock leaders like AMZN, GOOG, PCLN, NTFX, and BIDU.
If you bought this just a few weeks ago when dipped back in 70's as I did, you would be making money now. If you had bought at close of market today, you would be up by the open of market on Friday. So why think 5 years. BABA will have doubled in 5 years. I use to hold BIDU, and still have not forgiven myself for not holding on. It doubled over a year after I sold it. I will not let BABA double without me!
I don't get it. Hang Seng index was up, Shangai index was up, and yet FXI ended trading session with a loss!
Markets are up, lose money. Markets down, lose more money!
Crude only went to $44 at height of the great recession (2/2009).
We are in a slow recovery, yet still recovering, if Yellen and the fed decide to allow the recovery to continue, rather than insisting on taming future inflation that Janet seems obsessed with.
She seems to want to be overly insightful like Greenspan, rather than humble and practical as was Bernanke.
Her insistence on perpetuating fear of potential inflation as Greenspan did will cost us all dearly if she fails to demonstrate a willingness to step back when it is clear that she has it wrong.
She should take raising rates this year out of the fed minutes, and simply state that decisions regarding rate hikes and future rate cuts will be data driven, and with no specific time horizon.
If rate hike does occur, then it should be made clear that subsequent fed meetings might result in rate hike or cut, depending on the data.
That way, the market doesn't see the fed as unidirectional, and the dollar won't continue to only get stronger crippling our US based multinational companies.