I don't know about $70 but Yahoo is going to take off once Alibaba goes public.
From an article a few days old:
"Yahoo bought 40% of Alibaba in 2005 for $1 billion. And it's selling one-third of its now 22.6% stake through the IPO. But the market isn't correctly valuing Yahoo's holdings…
If Alibaba is valued at $200 billion (as Jeff [analyst] estimates) when it goes public, Yahoo's stake will be worth $48 billion.
At the current price of about $35.70 per share, Yahoo's entire market capitalization is only $36 billion. In other words, investors buying Yahoo today are purchasing the stock more than 25% below the value of its Alibaba ownership… and getting the rest of the company for free."
Sentiment: Strong Buy
I wish I did... I bought at $2.77 and then, stupidly, bought more at $3.25 because I thought it would stay up over $4. Now I am just holding and praying this moves up and stays up at some point so I can start taking some off the table and be happy about this investment.
I agree. This stock WILL go up, and possibly significantly, which is why I continue to hold this stock. Shorting it is more risky, IMHO.
However, being a small spec play, if the market goes into correction mode, this stock will tank, no matter what is going on with the company.
The only good time to buy is if (and hopefully it doesn't) it goes below $8, or maybe even $7.50. But i guess that depends on when you first got in. I am averaged in below $7 so there's no way I am buying any more.
I am hoping this doubles liek I think it will some day, but there aren't any guarantees and there's only so much buying on dips seeing that it dips far too often.
Same here. Hoping for some big payout - whenever that is. As long as it stays above $3 I am fine but who knows when this will actually move up and stay up.
I am holding my position, and not adding, because it hasn't shown me its worth adding more in.
A Giant Buying Opportunity...IF...this stock ever gets legs. Otherwise you have money sitting in a stock going nowhere, earning you nothing. I have chunk in this stock but there's no way in hell I am adding to my position seeing that it can't seem to move up and stay up (meaning over $4).
I am up 22% from where I bought but, man, it just see-saws. :/
He purchases every week and it does nothing for the stock price. The only thing it shows, and maybe that's all we need, is his confidence in the company. it's going to be a rocky road for several more months. More than ropcky if the markets take a hit because, like any spec stock, it will get hit even harder.
Hmm...I am LONG and still up about 36% from when I bought so, no, not decimated. Not even close. Sitting pretty good actually. :)
REVENUE. We need to see good earnings or this is going nowhere. Unless it goes below $7 where I am averaged in, I am not worried.
I beleive that with the worl population continuing to grow, companies in waste management, water treatment and other water resources will grow and some may get bought out. I think Veolia is in a good spot and I am hlding this in my Roth through retirement, buying on any big dips or market downturns. I got in around $13.
When the stock price stops going down, especially on UP days, I will believe it. Still Long, but it's painful watching this stock.
If somebody posts something like that, what does hurt to post the source?? You and Cody- are just tools with your replies.
I am Long for ALU and somehow I still believe it will do something.
I am not here to bash you. You say we think it is here to stay with a move up, but don't you think it is worth shorting when you see the moves down. Both up and down moves give some confidence towards how you view the stock.
Personally, I can't bet against a proven businessman with 1/4 of his wealth in this company and how he feels confident about the company and his investment as he stated on MadMoney a few weeks ago. I will Hold unless it moves below $7 or if it goes to lower teens at whcih point I have to see about selling some.