The lowest it went so far was $195 on August 24th but that was $15 above my target low.
You can rest assured that my $180 target will certainly come VERY soon.
This is how the stock markets roll people.
This is normal after such a strong bear market rally like we've had.
It's going to be very brutal but don't worry because these forces are all a perfectly natural part of financial markets.
I only know this ahead of time because I do trade for a living.
It's over folks.
What does Bugs Bunny say again...
THAT'S ALL FOLKS!
1200 point drop on Friday in my opinion.
When ALL the liquidity is gone this is all that can ensue people.
Watch it & learn something useful.
Then ask me how I knew way ahead of time (again).
All I knew three months ago was that AMBA would be going below $60 and that BABA would be ending the year at it's 52-week lows. Go and take a good look at the BABA charts. Any fool can see that the trend is massively going down. Wall Street is pumping and dumping as many BABA shares as they can so in the $20's they'll be handing out BILLIONS in Christmas bonuses. BABA is a better sell now than AMBA. What do these two have in common? That MASSIVE drops would ensue. MERRY CHRISTMAS.
BABA is my #1 short.
When it bottoms in the high $20's I'll cover.
Did you learn anything?
Now, what have y'all learned from a pro?
And ya'll screamed and cried like small babies!
And you all gave me a ton of "thumbs downs".
Now who's "thumbs down" in their trading accounts?
Watch & learn how equity markets work in this day & time people.
Nice "hang-time" longs.
You've been Jack Ma'ed !
.Enron: At one point, Fortune magazine voted Enron as America's most innovative company for six consecutive years. In hindsight, Enron was innovative only in fraud, thievery and deception, unleashing what was at the time the largest corporate scandal and flameout in history. Getting "Enroned" became a verb synonymous with investing catastrophe, as the stock tumbled from $90 in August 2000 to 26 cents in November 2001. Worse yet: Investors were told by CEO Kenneth Lay to expect Enron shares to hit roughly $140, while he and other Enron execs were dumping their stock.
You said, "it looks like' that is your first mistake.
You are looking at the small picture, in other words,the moves in the last 7 days.
Wall Street looks at the general trends. As in, the moves over many years.
BABA will fail based on the drop from $120 to $57 and change.
This is the share-price talking to your brain cells.
You can't see this because you are not using your brain cells but rather you are using your eyes (sensory thought process).
Eyes can deceive you.
The share price is in an ENRON type downward spiral.
Even ENRN had big rallies on the way towards zero.
Watch & learn from a Pro bro'.
TWTR To The Teens Before Years End.
Watch & Learn.
Wall Street has been pumping & dumping ALL Alibaba shares.
Nothing but down to follow (Will drop very, very, fast too).
I'm glad I was able to help you save a fortune in PBR.
At least one person was helped and that means a lot to me.
The Chinese Government needs to let the stock "float" on it's own two feet, uh... or one-foot in the case of Alibaba. Leave the stock alone and let the markets determine the value.
$20's will be just fine here.
Don't worry as the equity will trade as it needs to trade.
NO WAY it is going back up.
In case ANYONE in here wants to save themselves.
If you own this you sell and buy back in January if you feel you need or want to own it.
stock investing is certainly not a scam.
stocks are simply becoming "out of favor" in our day and time.
there will be a 30% drop in all equity markets across the board before years end.
this all really started in china.
Big Mac? Are they any good?
here's one you'll really like:
A man wakes-up and he senses that something is terribly wrong in his home.
He hurries into the kitchen where he finds his wife face-down on the kitchen floor.
She is not breathing. He is going ballistic and is in a total and complete panic.
He shouts... OH MY GOD!
Them he remembers Mc Donald's serves breakfast 'till 10:30