You're correct. Today is a buying opportunity or great entry point for EMES.....CRR is getting pummeled, but SLCA and EMES and HCLP should benefit.
Julian Robertson, founder of Tiger global was on CNBC this morning, saying there were bubbles in the market. He ought to know, his firm apparently bought millions of shares of BITA at the top.
Alibaba has been in business since 1999, Bitauto since 2000. There's been no strategic alliance formed at all for 14 years, why would that change now? Just because they're both public now should not be a catalyst for an alliance. My answer is there's just no synergies at all between the two companies, other than both being Chinese internet companies.
CNBC is using this overhyped #$%$ in an effort to save their ratings....They make me sick.
BABA will probably do well, but watch for an intraday market reversal for the broader market to the downside. The market needs a catalyst to break this irrational exuberance, and blah blah will be it.
Remember this post. All the hype over this IPO, all in an effort to keep the rally going even higher will be an outside day, and the markets will finally tank tomorrow and next week.
UM law degree? All the more reason to cease and desist boasting about speaking with the CEO on a public venue, he certainly should know better. As for you Mark, good luck with your short position......
A swing trader who graduated from FSU? Wow, I'm really impressed now. And Capital Ladders......You would think with his experience in the financial markets he would know better than to announce in a public venue that he spoke to the CEO, who shared with him proprietary information. But that's Ok Mark, keep denying you're short the stock.....We know better.
Do us all a favor and just stop. I don't know if you're long or short the stock, and it really doesn't matter. I do know this is a public company, and CEO's normally don't talk to Yahoo message board posters. Even if they did, they would not share what is construed as proprietary information.....and that poster would then know enough not to disseminate that information in a public venue, which you obviously don't.
"Daniel was pretty vocal about the reports." Sure he was.....and I'm the Queen of England or the NJ Jets quarterback.
BABA will do well, because it's over subscribed, and over hyped, but the rest of the market will come down hard starting tomorrow, and then next week as well.
Riolsen....It was at $32.11 on the bid, they moved it up to $32.25....Look at Level II, scroll down.
That's true, but I take a 50,000+ share bid seriously regardless; it's been there awhile.
I think the Alibaba IPO is going to turn this market around (to the downside) that will hit highly margined traders so hard, they won't have time to get out. That and Scotland, and other geopolitics, and the fact that this giddy market is due for a major correction....But I agree, I think tomorrow will be really bad for the bulls.
Today or tomorrow is the last chance for shorts to cover. I was short YELP awhile back, and did ok, and then the buyout talk was starting, mostly by analysts on their recommendations. That's not an actual specific buyout rumor like in this case, but it gave me pause and I covered. I'm not taking chances when a company is in play.
And you shorts are going to stay in denial? If I were short a stock and there were persistent buyout rumors, accurate or not, that would make me cover. Why take the chance? One day you'll wake up in the morning and realize it was accurate, and then it's too late, because the arbitrage players are all over it before you can cover.
There are way too many other stocks out there to short, Sodastream is not a short, but too many here will find out the hard way.