Who knows, but it is also possible that Amazon trades marginal higher and then reverse on Money. Especially now the bogus criticism report of BABA was effectively dialed back/retracted by its higher up agency (than the one who publicized it) on Friday after market closed. There are many chinese government officials who often are "bought out" by American/foreign companies, so the timing of that criticism report was/is very interesting. It was issued just the day before BABA and Amazon's earnings, so BABA was beaten down and AMZN was bid up probably had more to do with it. Jack Ma is a highly respected man among his peers; what's more interesting is that the public admire him and his employees love him and take working for him and the company as a person pride .
There are many Chinese firms and individual with deep pockets have been looking to acquire the tech and biotech companies in the west, especially in the US. Dendreon would make the ideal target, so I suspect the current multiple bidders could quickly bid this up to 3 billions.
Shorts will be killing each other to grab any share available to cover; and that will be the most entertaining game to watch for Christmas ;)
The shorts might have stayed for too long. The current short interest is one third of the float; a short-squeeze might have been ignited and run to year end.
The volume is good today so far.
It's tax-loss selling. It could reverse at any moment; weibo has more nice functions and marketing potentials than TWTR, it's sort of a combination of mini-scale facebook plus twitter.
Well, it did just what I expected. The action in this stock was not too bad, I would now sell BIDU to raise more fund to put more stake in WB.
Typo fixing for post above---It reads: now have been idling for more than 6 months without a post,
Those weibo accounts that I visit how have been idling for more than 6 months with a post, those same accounts used to post daily, often several post a day. Now people just keep their mouth shut to stay out of trouble.
Due to the tightened internet/media rules by the Chinese government. Also, China today announces the arrest of its former security chief, it is a signal of going through a new round of political turmoil. It's hurting weibo.
Jeff just wants to have fun with his "experiments". Now with daunting competition from other retailers' matured e-commerce sites and BABA, with its own out-of-control operating costs from all those giants new office towers, drones, robots, etc, this company could be a serious going-concern when his Wall Street allies and main street investors become increasingly alerting and suspicious, and when it becomes harder to get capital infusion from them.
I think BIDU is ripe to a "sell" rating, both technically and fundamentally. Robin Li is a pretty boy who got lucky, but is not even respected by many of its peers, the opposite of Jack Ma (BABA's boss) who is admired by its peers, customers, almost all big business and political figures. Even the Canadian Premier paid Jack Ma the visit first when officially visited China per invitation from Chinese Premier on a few week ago (Nov 7). Bidu will likely become not so irrelevant in China in the coming years.
Happy Thanksgiving to everyone, regardless you are a bull or bear.
Bought little bit of both SINA and WB. SINA has been bitten down for a long time I think my fund boys will take it up in January. WB offers more and better features than TWTR, BABA owns ~ 18% stake in WB, I think it will take off in January too. FWIW.
The stock shot up on the news today that one firm bought $50 millions worth of Amazon calls; that is what the manipulators' intention----it is called "bluffing". Even Jim Cramer admitted that he and his hedge funds used that tactic to defend his heavu long positions when those positions were under attack. Because a lot of novice traders and investors often think "someone knows something we don't" so they just first follow the suit and buy the stock. This bluffing tactic has been used by funds and hedge funds very often and savvy market players know it. If you have a long position in this stock, this is god-given opportunity to bail and book your profit.
Oh, I see, so you finally could afford three eggs for breakfast. As a friendly reminder, you got that egg yolk on your face that looks too funny, wink wink.
Dude, take it easy. You have been shouting rubbish all day and are short of breath as of the moment; you know that could cause a heart attack ;).