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.
Just bet this is headed higher into earnings. Have a friend who just bought a wrist band and it is all he wants to talk about, in a very positive way.
All those people working and spending. Some of the big cities in China, make our cities look like a 3rd world
country. Remember the opening at the Olympic Games.....what amazing talent these people have. Ma has plans in the future that will impress the whole world. This feels like a global company. Holding for the long run.
Both report tomorrow. Interesting as someone just asked the question if GPRO is the next AAPL..
Market cap on AAPL is over 746 billion.....cap on GPRO is only 7 billion. Possible rocket launch coming.
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.
The middle man(BABA) gets a % of every things that passes through....without the hassle of products. No mailing cost, no inventory to worry about. The seller meets the buyer through BABA. and Jack Ma rakes in a profit something like a finders fee. You think AMZN is big.....just wait and watch BABA
CNBC Just mentioned the ceo of FIT was just interviewed and everyone seemed to think from his talk they will be doing super well on earnings.
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.
Do you realize the China market is only down 0.30% for the year. . after a big leap up. That is about the same as the US stock market at the open today the US market was down 0.28.
If the big boys ever swoop down and pick up the stops. Only put in a stop once about a buck below the buy (years ago) and it was taken out the same day before the stock took off to new highs.