and you know as losses mount at Alibaba, insiders come Lock Up Expiration date will "Sell Like There is No Tomorrow". Best to get out tomorrow before we test sub $60 this week.
because your days are numbered now. And the ending will come quick and Fast.
Oh and what are the odds of another "Black Monday"? British Bookies have it at 80% for a Major Sell Off come Monday. You have been WARNED!
Come stock expiration date there will be buyers and sellers - but certainly a lot more sellers. Stock will trade down simply due tot he fact that 1.6 billion shares of stock could hit the market if Softbank and others start to dump their shares. We are just at the beginning of the China Market/economy meltdown so my gut tells me those investors who got in before IPO open will see as fast as they can. Especially if Alibaba shows weakness going forward.
So why buy and hold stock when you know its going down short and long term? Chinese government lies about number related to economy and Alibaba lies about massive amount of counterfeit products they sell. Plus both hide the fact they they are losing big time. China GDP falling like a rock and Baba revenue/profits heading for a cliff. See you all near $50 a share come early September.
Its going to double over the next twenty days and possibly triple if China POPS. Emerging markets are just at the cusp of a Major Free Fall and EDZ which shorts Emerging Markets is going to explode higher the rest of the year. Another plus playing EDZ is that it doesn't swing wildly up or down like Uvxy and Tvix do.. So you have a fantastic long play holding EDZ for the long ride up. And believe be when Brazil, Chile, China, Greece all start taking on major water, EDZ will flat to the top and make you very, very wealthy.
as 50 North Korean subs seek out targets in South Korea. Gold set to explode this week on worldwide Volatility.
Lots of Baba longs here think Alibaba will act like FaceBook did a few years back when that company had a large block of its stock (expire) open for trade. At that time FB stock actually held during a lock up expiration (stock release) and actually climbed at the end of the day. Nothing major but FB did not sell off. Now with Baba we expect a completely different picture. Alibaba stock is now in free fall mode due to China economy collapsing and Jack Ma trying to buy his way into profits by taking positions in other (losing) companies. Furthermore, Alibaba flat out does not have a good reputation (on the street) and has been charged with selling counterfeit goods for years. The stock is now pennies above IPO price and will certainly be well below come mid September stock expiration release.
Also FB scheduled release of stock in 2013 was not any where near the 1.6 billion shares Alibaba will release next month. We're talking a massive amount of shares flooding the markets and most of these shares will be sold off as quickly as they can. (Big boys know you never try to catch a falling knife), especially one made with defective parts in China Now the likes of Soros, and other large Hedge funds have dumped Baba as fast as they can knowing a severe haircut is coming in three weeks. So if you like going long Alibaba at $68 just hold your position for a ride down to $45 a share come September 15th. Its going to get ugly and there is nothing Jack or Alibaba can do about it. Four billion stock buy back - HA give me a break since who in China is going to buy counterfeit junk from Alibaba with a very deep recession approaching and senior management in disarray.
Sentiment: Strong Sell
cause you will lose your shirt when this sucker hits $19 a share.
Best to sell BABA now and get out of Dodge. Come Mid-September there is going to be a real bloodbath - for longs. Not only lose fingers and toes but arms and legs. Complete carnage.
I checked Dow after 2 pm and (Bloomberg fiasco) and it was Green. Wondered why since Fed still looks to jack rates in September. Thought market would trade flat rest of day. Now I see Dow down 130 points. So what caused the market to reverse and head back lower? Crazy day but have no idea what has happened last hour or so but the market looks very "Scared Again".
Pick your poison. No rate hike means "recession" market tanks. Or Sept. rate hike me no more "play money/drugs" for the bull - market tanks. In either case market dives because Fed action or inaction kills the BULL.
so no bailout money for Greece since Germany can't afford to prop up France and Greece at the same time. So long Greece - we hardly knew ya but you will be better off going into "Default Land and then Freedom".
China Bubble Burst, Ukraine War Picks up, Germany Can't Stand Greek Bailout Plan, IMF won't lend to Bailout Plan, Hillary going to jail?, Europe Economy slowing and Fed on table for Rate Hike in 4 weeks. Look Out Below.
and you can't go wrong with either one but personally I like Alibaba since its operating platform will dominate China's online internet/service for decades.
as volume picks up (could go over 20 million) and "Huge" buyback" stock purchase plan kicks in. Just like Apple did - Baba stock will move way higher as investors realize this is a now triple digit stock now in disguise.