Then look at the price in Nov. In one month this thing was off to the races. Check out the same action of Facebook after their IPO. The facial recognition on your phones that BABA is developing is going to be huge as an option to payments that are currently open to fraud. They are going to release it first in China. Should be fully developed by 2017. Got time to wait?
What are you talking about? 14 million changed hands. Someone has to sell for someone to buy. Some chased this thing this morning only to lose over a buck but who knows where this will be in 1 1/2 hrs at the close.
Me too-does not make sense to be down when the target is over $100.00. Plus there are too many owners who bought on the IPO date at much higher prices and are refusing to get out at these low prices. Patience and this will get back over 100. Remember when FB tanked and then hit a 52 week high? Same thing will happen here.
you can't give this stuff away. Go to any auction and buy for pennies on the dollar. Dealers are flush with yellow. Why buy from them when you can do better on the street? The loss in China was a huge bet.
Not sad at all. CAT used to be considered high at $60.00 and you could buy at $35-$40. Then it got trumped up by nothing but HYPE and it's coming back down due to reality. Just ask any dealer how they are doing folks and it's not good. Buy the numbers but SELL on the real news about mining and construction.
This stock still sports a negative EPS. I think they will jump ship when everyone else is buying on the big hype of an increased div. That's how the insiders get rich. Buy the stock, hype it up, sell, and leave the bagholders.
There is no way that this is going to double. I own this for the dividend but do not try to hype it up to unrealistic prices. Not a bad stock to be in today since the interest rates are remaining the same.
Here's a clue that AEO has topped; the market up 224 and AEO not moving.