Short correction. More down, BABA will go higher.
Shorts just scratch head and won't figure out like yourself.
BABA may fall back a bit and in a minutes will go even higher and higher.
Eventually it will stop somewhere over 100 after all the broker cover the shorts.
One thing short don't have to do, their broker will cover all their shorts for them.
Not that they want to, they have to.
That's how market works.
Yes, Correction is coming and BABA is heading up at the same time. Thanks to shorts. Shorts correction is long due.
It went up because a lot of inexperience investors like you. People like you shorting it at low and covering at high price by your broker. ex. you short all you can at $92 and cover at $100.
Isaac Zimbalist, senior technician reviewer at the IRS Office of Associate Chief Counsel (Corporate), said on Tuesday that the agency is considering changes to rules concerning spinoffs. The Internal Revenue Service will hold off on requests for rulings that are received starting Tuesday as the issue is studied, he said at a D.C. Bar Association event. Requests already received will move forward, but that is subject to change. It wasn’t clear what would happen to requests, such as Yahoo’s, that are already in the pipeline. Anything can be subject to change - IRS is dealing with tax revenue that 10 million investment turned to 40 billion.
No, you should worry how high it will go tomorrow and when your broker will cover your short.
YHOO owns about 15% or 384 mil out of about 2.5 bil shares.
I doubt Softbank sell BABA shares anytime soon.
In short term, BABA is winner. YHOO isn't
In long term, YHOO will back up since they are owning BABA shares after all.
Short Covering will drive to 100.
BABA share shortage imminent. Will go high as $93, at least 5% higher from current price.
Opps sorry shorts, That was apple.
He may say that on BABA as soon as he completes his BABA shares.