Glad I am not holding any more shares if there is an unfortunate reason for this oddity announced at the cc or press release.
Its highly unusual given their multi year past track record of posting liftings.
You fail to understand the valuation of all chinese companies.If the chinese claim their company is worth $195B then it's real value is more realistically about $45-50B.
Divide that number by ~4 and you get yhoo's ownership worth around $10-12B.
Why is this colored guy trying to play the white man's game?He should stick to playing the dice games with his own people.
The game is always by their rules and rigged in their favor.
Nobody outside of the chinese actually know for sure what any chinese company is worth.Its taken for granted that the numbers they provide are highly falsified.
My personal rule of thumb is to divide by 5 all the numbers any chinese company provides.But I know quite a few investors that divide by 10 to get a more realistic result.
Its like buying a black box.You just never know for sure whats in the box or what the real numbers are.
what is alibaba worth?
Nothing like the triple whammy miss.
Stock needs to go back into the 3's until/if they ever get their act together.
how severely oversold the stock has become.Patience will pay off here very handsomely.
If no blatant preannoucment then I'l take a top and/or bottom miss and /or the weak guidance.
All of the above would be preferable please!
Wish me luck!
The fact that the stock is up on a strong market down day tells you how severely oversold the stock has become.