62K would pay his tuition if you are in state. But, if you want him to enjoy college like and some day get an apartment off campus, and buy a Tesla, then I would stay long for the next 40 minutes, sell after hours on the Pop, then take your 85K college fund and try it again with BABA in 2 weeks.
Take a look at Lending club. You could make 7 to 8% on that nest egg, with minimal risk by lending via their investment program. I am still making ~ 11% after 6 months, but expect to be in the 8% range over the long run. A great return with no concern about the fed, China, Greece, or Zuckerberg!
BABA has already made new low of recent. This is as low as BABA goes. Will trend higher as we approach earnings release. Will likely trade near mid to upper 80's by earnings day. Then mid 90's to 100 after earnings announced.
Well, do you use facebook? Are you a candy crush addict? Do you read any of the ads on facebook? Are you influenced by facebook in a positive way? If you believe the company has merit, and will continue to enhance peoples lives, then I would suggest you hold.
Please give update on your position. I am curious as to what your mind is experiencing as FB trends ever so higher. I just could not imagine holding 1000 shares short with earnings announcement only 4 hours away. What if a data leak during trading hours, then surge in FB stock could happen before market close. Did you cover yet? By the way, I bot 102 strike put to protect my shares should earnings miss. Always good to have a little protection.
Nice pop in OIL today. I was able to sell some shares at a good profit. Still with plenty to sell. My next unload will be at $10, then $12.
Will hold my core holding until Oil gets closer to $20.
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!!!