They missed earnings, revenue increase was expected, many bought in after hours last night way over $106, today's report is very disappointing, and if Cramer were a man, he would admit he was wrong.
They have no idea who or what Alibaba the company does, and they could care less. China is slowing dramatically, and so is their middle class. Margins were down, they only met EPS, and they're overvalued.
Ok, here goes...."Sorry everyone, I was wrong." "This is a Chinese company after all, they're held to different standards." "Buy Facebook instead on the pullback." "Wait until BABA goes to the low $90's, then maybe pull the trigger."
It's a Chinese company, they're held to different standards. We all know China is slowing, and Alibaba won't catch on in the US. But maybe they'll buy Facebook or Linkedin, or both, who knows.
Cramer said? If you base your investing thesis on what Cramer says, you're better off putting your money in a mutual fund for others to manage. Cramer is a fair weather guy, and he's paid to pump stocks on air.
Now falling off the highs in pre-market. I feel sorry for anyone who bought over $100, because I don't think the bid is there to support $100, we'll find out over the coming weeks.
Earnings in line, revenue beat as expected.....Anyone buying right now is allowing others to exit.....Goldman has a neutral and a 12 month PPS target of $102.....
Mama Mia? That's a Broadway show, and a hit from the 70's by Abba. Clear the decks? Do have any idea at all what consolidation and backing and filling is? After a 45% move in one day just 3 days ago, this is normal and expected. If you have a substantive presentation to support your short position fine, but your mindless, senseless posts with no substance serve to annoy both longs AND shorts.
I left out the most important part....they predict the cases will surface by the end of this December!
That's right, the US. I just missed getting more shares just before 8pm.....Tomorrow's another day. Good luck shorts, you'll need it.
If you're correct, and I have no reason to doubt you, then why have 3-4 analysts come out and lowered the PPS targets for SLCA, the day after their beat and raise ER report?
The stock should close over $16.50 this week, this is one reason why.
No offense, but if you're not sure why a stock could fall 2 days in a row after a 40% 1 day move off the low, you may need to look into mutual funds or more diversified funds managed by others.