Not sure.. cc time is set but the numbers could come out after China market closes. I think it closes at 2 am so any time after that. Just a guess
Option writers are always right. The buyers always lose. I hope I am wrong. I played the Yahoo calls for BABA's report tomorrow. But again I will say I don't like the 20 to 1 call to put ratio...
Would be nice to see....
$56-$58 by end of week. jmho
They will be buying all the way up to $56-$58 this week for window dressing. Any dip there are a lot of buyers and there is very good volume today.
This will go to $56 by end of week. jmho
They have been waiting for a turn around in this stock for a long time. All major funds will want to own this going into end of month for window dressing. Expect this to trade at or above $56 by the end of the week. Most of the fund managers didn't jump on in anticipation for the frenzy going on. You will see a .50 to .75 cent move each day this week. They will be accumulating. jmho
Here is why I think it is a possibility... Immediate share buy back tax free! BABA knows their results are great and get a $5 to $10 discount, near term, on Yahoo. 1 billion eye balls, and a large stake in Yahoo Japan. This would solve Yahoo's tax problems and benefit Alibaba and allow them to enter the U.S. markets through Yahoo.. Just a though.
Down.. This traded the way it did because of the options. I think NFLX is a sick stock right now and should go sideways to down this week. $94 is not out of the question by next Fri..
x2073.. Many fund managers sat out today on this one due to all the frenzy. I think there will be more order next week and many of them will be adding this through the end of the week. Large $1.10 sell off in the last 10 minutes just showed you how many day traders were in this. I think we see $57 by the end of the week. This will be a must own for all big managers. jmho