No kidding, I think he went to another board and tis telling all toss people now wrong they are. This was a great buy in the 80's.
The revenue and earnings have continued as expected. He has made many strategic moves since going public. What more do you want him to do?
Someone tried to make that one day comparison the other day, pretty meaningless for baba due to the international nature of the co. and it's trading pattern.
Look at one month chart baba up 12%, and dow and indexes up 1 or 2%. So recently baba is crushing the indexes. Look at 6 month, baba is way down, so it appears we have had a great bottom with a nice turn around and great buying opportunity. I'm in at 85 and if the rev and earnings continue, buy more each quarter.
Thank you, that will be nice. Who are they? I have been looking for them but none really knows who they are.
Did you go in to hiding with your baseless pessimism. You were so proud to point out the indexes and other stocks were crushing BABA. but you thought a single day was telling the story. In the past month baba is crushing the markets, now how will you spin your clueless points of view today.
Baba has so much good news lately , and revenue and earnings story has not changed. Stock has very strong support., and will continue to beat the market overall, what perfect time to buy after the sell off.
I saw that report, impressive. It's amazing how many innovative profitable businesses they are involved in. It looks like they'll be a google times 10!
It does have a high p/e but you are right, it is a money machine and I expect it to continue for many years. What a great long term investment. 10 -20 years you'll be so happy. I own sbux, cost, and UA, all returned 10 times the money in 10-20 year time frame. Same story but may be better!
I started buying at 85 on the rebound. It made a quick move to 94, and now the sell off had me wondering what is going on, but with so much good news the past few weeks and coming off a steady growth earnings and revenue report, this is just a great long term buy. I plan to add again next quarter if the revenue and earnings trend continues, but with all the recent news, it's hard to believe we have anywhere to go but up for the next year and beyond. I think 15 -20% is easy in the next 12 months, and maybe more. Time to buy f you have not added to your portfolio yet. Probably double in 4 years with this kind of growth.