by the end of the year. I am long and do not like the buy out price either. I hope TSLA vote no and let SCTY stand on its own to be the new energy leader of next 100 years. I do not need the money invested in SCTY now. So I will leave it to my grandson. I hope shorts have a way to bring the price even lower so that I can load up much more shares.
If you read Chinese, you can go to Baidu and search for JD and you will find on the big June 18 sales day, what JD did was opposite from what id advertised. Supposed to be a a big sale day -everything should cheaper, but prices were actually higher. On a Baidu survey, 83% consumers said they actually find things were more expensive than before the big 6/18 sale day !!! One customers pointed out that a Canon Digital Camera EOS 5D Mark III was marked at 14399 yuan before 6/18 and on 6/18 it was marked at 15999 yuan, so 1600 yuan more than before 6/18. I mean wow, JD must be thinking consumers were stupid. They probally knew this trick will be found and exposed. But they still did it, showing you how desperate this company is. Short with confidence.
Yihaodian is losing market share and unprofitable. Just think of it, if Yihao dian business is good, would Walmart give it away? Two losing business put together does not equal a winning business. It will only make it worse.
No reason to go up. Yes there is reason. If there isn't it would not go up. If it goes up there is reason behind it. Denial of reality is not going to help you.
Sentiment: Strong Buy
So this is a very interesting situation. A Large insider Braslyn doubled down after the big gap down --- buying $3.7 million worth of shares at 10.31 and 9.49 on 6/6 and 6/7. This is in addition to his purchase of $about $500 K worth at above 19. But on the same day and 6/9, another large share holder Baker sold many millions worth of his holdings, all at between 9.22 and 9.44. He sold it it also means somebody took it from him at the price. And now the price is lot lower that when Baker sold. Very interesting, when he sells the stock did not go down but up. So next week we can find who bought and sold today. Every interesting.
Nah, Goldman put the article out yesterday only for one reason, the sudden rise of yuan against the dollar... I bet Goldman, as many hedges, were shorting the yuan. So the big falling-off the cliff of the dollar yesterday was a massacre to these shorts.
First, It was a company buyback at a good price --- reducing number of shares outstanding without spending a lot. Second, It was an insider purchase event --- insiders purchased $2 billion at a recent traded market price. Third, it was a sovereign fund purchase ---- Singapore wealth fund is managed by very smart people. These are all positive news but the media wanted to call it otherwise. When Baba is $500 a share we can look back at last couple of ridiculous days and have a good laugh.
We all know BABA has been using its cash to invest wherever asset is deemed undervalued. Now it finds its own stock as undervalued and spent a cool 2 $billion to buy back some shares. Very cool. It shows BABA's management is super confident about their future business or they would not be on the buyer side of this transaction (they would let Softbank dump the shares on the open market, ). Buyback is always good --- the less shares outstanding in the market the bigger the earnings per share. Get your cash ready folks any stupid early morning weakness would be another good buying opportunity.
She was trying to help JD.com. But Ironically JD fell down too when the news hit :-). In my view JD is losing money big time and won't last for too long.
e-commerce infrastructure, from retailing to payment to delivery. I just believe Jaka Ma's vision; if we focus on helping a lot of people making money, we ourselves can not be too poor. If a business is built on screwing others that business will not last because you can not screw people all the time. If you business is to enabling others to make money, then your business is going to get better and better and better. It is simple folks. If you go to China and talk to people, you will realize BABA is just a gigantic magnet that people just keep going to repeatedly.
Retail total broke through the 3000 billion yuan, becoming the largest in the world. (During single day, baba processed 140,000 transactions per SECOND !!!). Right now baba has 400 millions users, by 2024 it will reach 2 billion. Ali Cloud is up 138%, with 500,000 paying customers. Ali Movie and Ali Music and Ali Sports are all set up to reach all cities and villages in the world. What a gift they are selling it today.
China's BAT (Baidu, Baba and Tecent) only Tecent is not listed in the US so not subject to this #$%$. Smart decision not to list in the US. Bidu and Baba should move or co list their stock in china or Hong Kong.
They are doing it again and again. It is written on the wall , they want to gun down every Chinese companies that are listed on the US market. Baba is a formidable force that is expanding fast in all regions of the world. This makes some of the US competitors running scared, they use the US bodies in the us media to smear it as much as they can to buy some time. But do what ever they can they can not stop BABA. It is not Baba needs anybody, it is everybody that needs baba. Do not sell your baba for the next 20 years. Baba is like China's Berkshaire Heatherway 40 years ago. It is a huge conglomerate in the digital age. Buy with confidence and lock the stock away.
Just yesterday baba announced softbank deal in Japan for cloud service. Today they do this Greenberg show to shake some of the weak hands out. BAT is the trio to own for the next decade. Buy on weakness.
I remember a while ago he said his investment in twtr was a disaster. Just don't know if he sold out.
I thought the panic would get it to below 14. But why it is not happening? Maybe tomorrow?