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.
agree, if he slows hiring and they grow as fast, profits will rise much faster than Amazon, eventually the market will react and take us higher. Fair value this summer is probably in the low 100's and then 120- 150 in 2016. I think downs is now pretty limited, a nice time to get in.
It depends on how you read it, slowing hiring while growing too fast? That's just controlling cost, logical, it does not mean they will stop growing. This is actually a good thing and the market does the opposite.