once there is a good momentum building, we see
Yahoo problem showing up, then
counterfeit issue , then
China economy , then
and then the week is over
I am upset like you are!
but believe me they ignored it and the stock is down
what a schizophrenic market.
The big problem remains CHINA as I see it.
I can not believe AMZN had all this run from its few pennies while BABA still sits at $83 despite profit and potential. Analysts like Cramer and The Street continue to label BABA as SELL despite their admission of the huge potential and expected run in the near future.
Read the article The Battle For Users Between Facebook's Zuckerberg And Alibaba's Ma Won By Ma.
last week Alibaba and Jack Ma announced that they were acquiring Youku Tudou, an online entertainment and video media company, for about $3.7 billion. Think of Youku as China’s Youtube. Someone said it’s China version of a cross between Youtube and Netflix NFLX +1.19%.
As of June 30, 2015, Youku had about 500 million MAU’s.
I think that’s a very conservative estimate and I say estimate due to the fact that the company does not share details with the public. However, given the massive population in China and given the growth of all things online (mobile and otherwise) I would bet the rate of growth is equally fast as WhatsApp growth rate if not faster.
I vividly remember remember Cramer and other Bozoes at the Street bashing left and right few month ago NOK and AVNR and gave them sell ratings....NOK was $3 and AVNR was $2.8.....just take a look at them now!
I remember GOOG at $90 in 2003.
I think BABA will surpass GOOG.
I think we'll have a 30% correction soon!
A great entry point at $60.
If BABA surpasses $100 we never see a 2 digit number.
once above 6.....can't look back...
5s will history forever