it will come down, just wait and see.
why don't WDAY issue a buy back of shares instead.
You should quickly volunteer to join the Marines or Navy Seal then covertly go to China and eliminate the entire communist army. Send us a postcard when you get there :-D
True. Make profit wherever and whenever you can. Jack Ma is enjoying to diversify investing the CASH into other businesses instead of using the CASH to buy back of shares.
Alibaba will be the biggest diversified company in China in 2 years. If AMAZON and NFLX made it to in the top why not ALIBABA. BABA will be in the $300/shr in 2 years.
OLD NEWS ! BABA has been been cracking down on fake goods supplier. It even fired corrupt employees. While in China, enjoy eating noodles. :-D haha
give 2 more years then you'll see it will no longer be in business.
it is a good reason to buy because it will make money in the long run contributing more revenue to mother Alibaba Holding Group of companies. In the long run ALIBABA will be more stable than other ecommerce firm being diversified. Alibaba will be AMAZON & NEFLIX combined. For those who shorted, cover now because any time soon it will hike to mid 90s.
therefore it is trending UPWARD. Most probably shareholders already had an inkling that the earnings will be very positive.
anyway I have the patience to wait.
when you bought high and sell low that is not a scam ... it is called stup1d1ty
it does not mean when you short the stock should come down. It goes up sometimes where you have to cover at a higher price if you are slow to submit your BUY order : :-D HAHA
We maybe $100+ by May
take note that Alibaba is a holding group company. It can venture into many businesses with its huge money.