it is designed and controlled at that range.
buy on dips , sell on peaks
you just need to play it right. Be guided by the chart. The price bounce every now and then. BUY at dips then SELL at peaks or every new highs as it will come down again. Being LONG sometimes is risky. The goal is to make money so you need to buy and sell. If you have no time to monitor the trend then you better invest your money in other conservative investment but may give you low returns. Don't fell in love with the stock. Fell in love with money because to be rich is the goal !
this peak and valley trend within short duration is where you make money. BABA may be stuck into the 70's to low 80 peak but I just monitor the chart to identify when to buy and when to sell. So far so good. No complain.
Yahoo will not dump instead BABA will buy yahoo shares. " Alibaba’s latest $4 billion fund-raising could signal a potential deal to buy its shares currently held by Yahoo, as both companies look to remove a distracting issue that is affecting both of their stock prices."
buy at dip , sell at spikes.
wil bounce to $85 by Friday or Monday.
Once BABA reach $81, I will start moving shares to AMZN . Looks like BABA had reach it's max. Jack Ma merely investing into to many business but not making money. BABA is nothing but a Chinese government front to penetrate and spy on international businesses.
I will sell on Friday or Monday.
Shorters to cover early next week pushing the price higher !!!
I have unsubscribed to FORBES magazine long time ago. They manipulate stock price by negative propaganda. It is an editorial of wall street syndicate stealing investors money.
SEC should clamp down on spurious news and remove corrupt journalist. Do not always believe what FORBES magazine published.
Any accounting practice of BABA are actually done by other firms as well so there is nothing new. Just keep buying BABA everytime it dips.
Option traders big boys modus operandi is black propaganda or mud slinging. They will try their best to even involved SEC just to pull down the price. Such accounting practices had been done by NFLX, TSLA, AMAZN, etc so there is nothing new to it. When price dips BUY BABA then sell before mid 80s.