Wow you have an odd desire to bash and tell everyone how smart and correct you are and now wrong they are, just read through your post history.. We went down a whopping .6 for the day, and 2 point swings for a 93 dollar stock is normal trading. You are nitpicking here, my point was that we are up 7 points in less than a week and I am supporting the post that it possible profit taking and we seem to have support here in the 93 range. Which is very likely, but you somehow have a need to bash and tell people they are wrong, when they just made a logical post
Your statement that it does not want to approach resistance, well how much do you expect in a week, more than 7 points? Not enough for you, I suppose. We blew through some resistance somewhere from 87-92. Now we hopefully have established a new trading range and will blow through the next level in June sometime.
I do this for entertainment, so lease post more of your utter BS and tell us we are all idiots, read some of your own history of post and look in the mirror. You are quite an entertaining individual, bring some more clueless humor , thanks.
Your post was not incorrect, there is support here. We have very low volume and support, obviously consolidating here at the 93 level. We'll see if it goes to 92, but what a nice move this week from the mid 80's! Good sign we have come off the bottom. any good news and we will go well beyond the 95 level toward high 90's ,and it could happen in the next few weeks.
Go look at Directiontrade, all he does is bash people on every board, no fundamental analysis, just posts garbage.
You may well be competent but your post was clueless! Plunging all day. I bought this 4 days ago for 86 bucks and it's 93.50 and plunging .38 of a point, what? I should be profit taking, but I bought it for long term and will hold for years. But I think any knowledgeable short term trader would be profit taking right now. You are a little off base on this one.
Yes agree, but only risky as a day trader. I think if you can pick it up at todays low, hopefully around 93 or 92, perfect long term entry point.
I was planning to buy again on the pullback. I'm sure there is a buy point coming up here where the big buyers jump back in, maybe low 93's. If it is lower in the last hour, I will buy again today. Long term this stock is a pretty compelling story given the rev and earnings growth.
Yes, but baba already corrected and is now in an uptrend. Perfect place for those taking profits in other stocks to shift their money!
Yes, it does real like the greed of traders may push this thing for a few days. It would be nice to push to the mid to high ninety range as a new base prior to the next q earnings.
I bought 5 July $85 options a few weeks ago, when I saw that lawsuit the other day and it dipped, boy I should have loaded up. Oh Well, can't complain. I plan to buy 5 more on the next dip. I wonder if it will happen tomorrow, or are we going to $95 next?
With all of the fuss about lawsuit and we only go down 1 point? Just shows you how much underlying strength there is in this stock. When next 2 or 3 q's pass, the earnings and rev growth will be rewarded with 20-30%returns.
There is no pump, and there is no dump. Just a steady rise on solid company report. And this sell push you are doing is meaningless. Nobody on these boards amount to anything significant, even if they did sell on your stellar forecast. You are just creating nice humor for us, so thanks for the laugh.
So nice to have a steady rise despite what the markets are doing. I think we continue slow and steady until next quarter. then when news is good again and rev and earnings continue, maybe we get a pop. Slow steady to 100 by next q would be nice.
And by the way, why does it matter what price it is when you look for a double in 5 years? Isn't double a double, or does the price need to be a certain range to justify it? I don't get what you're trying to say. I understand a stock under $10 or under $5 does have a different kind of risk but anything else shouldn't matter much.
I'm old, and I buy and hold the old fashioned way. I own my local stacks from Seattle area for the most part. Starbucks, Microsoft, Costco Boeing Paccar. I also own Under Armour. I have held al of them for 10 and 20 years' +.. plan to do the same with BaBa. My original purchase of Starbucks in the early 90's was $1700, and it is now worth $160,000. All of these stocks including Starbucks took 5 or more years to double along the way, sometimes faster, but don't be greedy, wait and you'll be rewarded if you have good long term companies. And I always add a little along the way. Of course I have ten stocks + I sold that didn't pan out, but these winners paved the way to plenty of wealth. I consider BaBa a stock I am buying for my grandchildren, I hope I'm right 30 years for now when they inherit it.
You must be a trader, you might try the old fashioned way, it worked for me.
I agree. 5 year hold on the stock, probably double your money or more in that time frame. This company is a long term play, not a trade.
Kind of a sideways day, but I did expect follow through to 90's this week and the 100's next q. We'll see , but if we get a few up days in the market, I bet 90's will be here soon. I think we need the market to help us here, general pessimism can keep us down.