Yeah but that is in the fall. In the meantime there is risk so you will not get full value until then. I say this hovers 42-45 level until late summer. BABA growth slowing and stock is exposed to risk. I am short BABA as well. On top of that market entering a correction that I believe will loom for a while. Today may end up red in the SP.
I believe the after hours reaction will prove to be false. Without alibaba shares this stock sinks to 20s and I will be riding this baby down. Can't see why anyone thinks this goes up when they plan on spinning away alibaba shares? What am I missing?
The higher she goes Monday the more I will make
So the stock has been stalled for a week or so. This is good if you are long. Technically this stock was very overbought and having it hang in above 50 and consolidating on lighter volume is very much what is needed. I do this for a living and I look for coiling patterns like this. Let the 20 day MA catch up which it is doing and any news this thing vaults to 55+ real fast. Sure eventually the chart will break down like it does with ALL stocks at some point but that time has not yet come. Sure nothing is 100% in trading but right now the technicals point to higher prices. The longer it bases the more powerful the ascent may be.
there will be chances to pick this up in the 31-33 range soon
short this sucker!!
Herman Munster could have been more accurate on the stock price. How about baby Butchie Munster? Sheesh even Grandpa Munster
They personally drove the rally and Carl Icahn may have bought a few hundredK himself.
We've heard this before
I highly doubt it. It has been priced into the stock. Everyone and there brother knows about Alibaba. Why do you think it went from 14 to 28??? Topped out here
.....LOL.... Garo and the bimobs partying your money away srinking cognac and eating caviar on Garo and Christines big Yacht financed by all the foolish investors...LOL
required for shareholder value??are you kidding me?LOL She gives preferential treatment to big shareholder by buying the stock much higher than she should have. That is money that was in the coffers now vanished into thin air. that money could have been better used in an acquisition. Now it's simply gone. shareholder value and confidence was and is damaged judging by the breakdown in the chart technicals and accumulation/distribution signal which verifies other big funds are unloading at a fst clip while retail is doing the buying. Big money is tactfully selling Yahoo up here
too bad shew blew it overpaying for Yahoo stock 5 bucks more expensive per share than if she had the brains to buyback those $29+ shares in the 24's and 25's a few weeks earlier......lol
And where is there a mountain in Missouri???? It's flat as a pancake with a few small rolling hills called the Ozarks. They are not in any way shape or form real mountains. Come to NY and I'll show you what a real mountain looks like up in the Adirondacks!
I am not a fan of any company that screws shareholders by offering to buy a ton of stock that the seller had no way of unloading in the open market. That alone was a bonehead move that no company should do. Yahoo should do the share buybacks on the open market. If the seller wants to sell then give the guys watching the charts the chance to see the volume unloading so he has a fair shot to get out. Yahoo is don over 5% on that bonehead move. They could have retired those shares at much cheaper level but they offered a premium and bought at the very top. Not a very bright move and many on Wall Street have been snickering at Marissas boneheaded error