Greece thing was over 2 days ago. Have lost a ton of cash holding after a 3% drop in stocks dreaming of some future that never came. Still holding here from 59, and guess I still have not learned a lesson.
Soft bank own over 32% of BABA. Would bet their shares are part of this, and the guy who runs
SFTBY is too smart to sell even one share. Big investors are just too smart to unload a company with so much in its future. This is the PCLN and NFLX and GOOG of China.
Don't think SFTBY will be selling any shares when the time comes. That guy is too smart and will let BABA climb into the clouds. Just a guess on my part, but don't think anyone with common sense will unload this company for a long time. The major holders buy and don't trade good companies. Just check out major holders on the YAHOO board.
With a strong buy from my broker. This will be a giant company that will help China rise into something the world has not seen in a long time. Make jokes if you like, but one day you will wish you had kept your mouth shut and not sounded so stupid.