Not if they shorted from $73 thinking it would go to $60 or less.A lot of stupid people out there.
Not for exports.Boon to business.That's why they devalue.Cheap Canadian dollar was always a blessing for our exports.Ali Baba will be laughing all the way to the bank in the next Q results.
Good luck.Bollinger Bands show BABA was beginning an uptrend when some idiot analysts shot the stock down on lower earnings,which we see are greatly exaggerated.
Now BABA is way oversold.Watch the rebound over the next two weeks.Shorts are going to be slaughtered.Yuan stabilizing.Buy ratings all over the place for this.RBC,Cantor,Pacific Crest,Axiom all have price targets of $94-95,with Barron's at $117.
Not likely my lil fiend.Look at the Bollinger Band History with the stock price.It goes through the bottom,it rallies through the top.Pinnnnng!Get ready!
Rally coming.Check the Bollinger Band history on the charts.No brainer.Shorts will be caught here and we could see $100 just on shorts covering.
Past history of BABA going below the Bollinger Bands is a major rally in the stock.Guess where we are right now?Waaaaay below the Bollinger Bands.Major rally coming.Numbers are too good and a lower Yuan is a godsend to exporters.Watch the analysts pile into this one over the next two weeks.
Rally to $80 coming over the next couple of weeks.There is a history where every time the stock drops below the Bollinger Bands,the price shoots back up in a big rally.History will repeat itself here again.
As soon as these quack analysts start accepting that the lower Yuan will big a boon to BABA and other Chinese stocks,they will be all over pumping them up.
Take a look at the chart.This isn't dropping from here.There is a big gap to cover up.With these revenues,do you really think this will drop further from here?EVERY time the price has gone below the Bollinger Bands,it has come back gangbusters...EVERY SINGLE TIME! Guess where it is right now...waaay below the Bands.Get ready for a rally!Over the next week or two we will hit $80.Check the charts!
After hours will show where this is going.Way up from here.These analysts aren't that stupid.Lower Yuan means higher exports.BABA is gold from here!
Lower Yuan means higher exports.Common sense.Next Quarter results will blast through this one.
Currency issue?!! do you even understand how this works?Lower the currency and watch the exports fly.Everything is so much cheaper to buy from China.Why do you think the Americans are so peeved off?Ali Baba will flourish with a lower Yuan.Buy now because all these analysts will do it first.Next Quarter will be the hell out of this one just on the lower Yuan.