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?