A company growing at 40% will have a bottom, and eventual resume uptrend. Just wonder if bottom is 60, not 80. but eventually this will be 100 -200 over then next 5 years. I don't see the growth going away, the world economy will grow in 3 years, and baba will grow with it.
It seems many traders miss the boat the day before earnings. Lot's of times stocks rally before earnings and then sell off hard when announced. This will portably mirror Apple, sold off last few days only to rally on earnings. Looks like a good buy here to me.
I agree probably no conspiracy, but the same way Tam Brady does not notice his balls deflated, make me wonder about the world. Odd timing that this comes out day before earnings, and then if they are blow out tomorrow and it spikes like apple, wow! I think I will buy a couple July call options today. I think this will wash out and the company will be very profitable as we go forward.
Exactly and someone may know about blow out earnings and this is ripe for buying, but hard to say if it truly is purposeful manipulation. If Tom Brady can get away with not knowing his balls are deflated, anyone can.
Why do you sell right before it goes up. This is BABA board, why post here? Oh well, why am I posting back to you, I guess it is good entertainment.
All depends on reaction to Revenue and earrings. We'll see, should pop one way or the other, but as earnings come out, lot's of positive surprises lately and I suspect we may get a strong report next week. I would not want to be on the short side.
Up down up, can't decide which way to go , but I see lot's of huge orders when it dips under 104, so looks like strong support for today. Maybe we push high 104's at the close.
Blew through the 104.64 resistance, now 105-106 may happen sooner than we thought.
It appears it may be happening today, Baba went down with the market, market still down, but money coming back in to baba and is green and rising.
I know, where is the bottom, pretty soon I would guess. as soon as the market realizes many companies will benefit from low oil, and the economy is not as bad as they like to think, we are off to the races.