I like business model. Staying put.
Wrong. The REAL reason for a drop in the stock price is BABA is losing credibility as an investment. Jack Ma is on the hot seat, and in America, you don't want to be on the hot seat too long.
I would just stay away from BABA for now. People on this board that support the stock just don't know what they are talking about.
Today's price action might also be the result of sector rotation out of transporters into E&P companies. However, if oil prices tend to drift lower in the days and weeks ahead, it would make sense that E&Ps might get hit and transporter and refiners might do better.
Consolidation within the pipeline transportation and storage industry should offset any volumetric declines in transpotation at the margin for ETP, coupled with increased refined product consumption caused by lower retail refined product prices. I would think ETP would be a beneficiary of the current trend, considering that they are or will likely be the "acquirer' with the clout in future merger negotiations.
Lockup exp is never good, especially with number of shares being freed up. Be careful.
Locked up shares. Don't know what their share count is going into the lockup, but I don't suspect they'll be unloading very much if they don't need the cash and/or they believe the price will eventually go higher. For now though, I would not base a BABA buy decision until the March lockup has passed, just in case BABA gets crushed. We may be seeing some controlled selling by larger holders right now just wanting to lighten up.
Inthee is NOT lying. BABA has headwinds without the fake goods overhang. All he's doing is pointing to another good reason why you should be darn careful with your money. Don't try to bottom fish a stock that's got issues. Stay away until the smoke clears and you can see the light of day. We're not there yet.