I had to fight off others in the crowded Apple store late afternoon yesterday to touch them. I guess many who were there, including me, would have to disagree. The older couple with which I had a conversation didn't even have an older iPhone to compare. I pulled out my 5S to show them. Android owners or just new to smartphones? I didn't think to ask.
Played with them myself and I would have to agree. Samsung is shaking in their counterfeit boots by now. They are faster, bright and sleek. But the plus is just too big for me.
I don't know why. Alibaba is a garbage stock, you're not even a stockholder in the company but one for a shell company in the Cayman Islands. Hong Kong stock market rejected them as an IPO because of it. And Alibaba is up to its eyeballs in counterfeit goods. If this was Ebay, they would be out of business by now.
The activity of the 6 vs 5 YOY is over double. Lines at my mall for all the carriers stores and the Apple store were still long late yesterday afternoon. It looks to me that sales are far greater than any prediction out there.
Allibaba stock isn't even stock ownership. It's a cayman Island setup to bypass China's foreign ownership laws. Hong Kong wouldn't allow it so they came here for their IPO. The Chinese government can disallow it at any time. The business itself is front with counterfeit goods. Nothing anyone should be interested in.
Because there's a bunch of dumb ace criminals on Wall Street that have big oversized supercomputers.
5. What's really for sale: When investors buy Alibaba, they are actually purchasing shares in a Cayman Islands entity called Alibaba Group Holding Limited.
But that company -- surprise! -- doesn't actually own Alibaba. Instead, Ma and another co-founder, Simon Xie, own most of Alibaba's biggest businesses according to Chinese law. Ma and Xie are then under contract to turn profits over to the Cayman entity.
The arrangement is called a variable interest entity (VIE), and is necessary to get around China's strict foreign investment rules. But investors should be aware of the structure -- especially since Chinese courts have not clarified the legality of the arrangement.
A recent research report by the U.S.-China Economic and Security Review Commission took a dim view, arguing that "risks could mount for unsuspecting U.S. investors who buy into ... precarious VIE structures."
This is from the 5 things you should know about Alibaba before investing article at Money CNN.
They will buy American companies but will never be allowed to leave China. You can't really buy Alibaba stock. You aren't buying Alibaba stock here; you are buying something associated with it set up in the Caiman Islands. That relationship can be disallowed by the Chinese government at any time.
Sold a couple of minutes ago. It didn't look like it was going much past 14.80 today. Took my profits today of 1.75%. I should have risked more since it looked like a good bet. They hit the price hard at the open and I did not believe that they wanted to sustain the short over the weekend. I'm not a day trader but the risk reward looked good. I don't know if I ever will do it again I had some free cash in a rollover IRA. But there's always next week for oportunately and I have lots of cash in that rollover to invest this Fall.
I was contacted by Home Depot this morning. I'm tired of these computer breaches. The Home Depot breach might be the last straw for others too.
Computers sometimes grab at anything available to fill orders. Let's see how the shorts programmed theirs. They may make a big buy order at end of day. It may fill.
So I bought some today and turned around and offered them back at $15.09. It's Friday and the shorts may not want to hold any additional position over the weekend.
I'd have to agree. Until they clean up their unethical vendors and still have a profit, people shouldn't touch them with a ten foot pole.
Maybe, but will it stay there? I think not. They rely on their unscrupulous vendors for earnings.
You probably can buy a counterfeit iPhone on their site. Too much fake stuff to buy the stock. If they clean up their vendors, their profits will go down. If they don't, will the stock stay high or even their earnings?
Shipments out of China were so large that they delayed all others from shipping. The fact is that sales will be huge over the weekend. When the news comes out with the sales numbers, it will be too late to buy.