look at the chart. One big player sold 514k shares at 11:27 am. I don't know who, but that person is not a small retailers like you and me.
nice said, grey. You are in a good shape with stock. I bought BABA Jan 2016 options. I have 10 months to HOLD.
grey is not a trader. He is a long-term investor. Basically buy and hold for 5-10 years. Seem like Grey does not care about BABA anymore, do you Grey ?
too busy at work, Fraz. I am not that lucky to retire like you. BABA has been killing me badly, so I decided not look at my account any more.
$24 offer is a disappointment. Grey, I disagree with you based on my common sense because if CLDX offered $24 3-4 weeks ago to a certain buyers and did not tell the public, it were unfair to some retailers that sold their shares. In other words, it meant someone already knew the 'today' share price few weeks ago. It is illegal.
Franz, I don't know if you are familiar with a biotech company OMER. Their CEO decided to loan a HUGE money to run for phase III and to buy back their stocks. No dilution. Few months after, stock made a gap from 11s to 26 after the approval.
NRC is cutting funding. They will layoff 10% of their workforce next five years. Recently new nuke plants are delayed for next 3 years. So nothing will be built soon. US is far behind from other countries China on commercial nuclear technologies. Two biggest vendors, Westinghouse and GE nuclear, are owned by Japan. Babcock and Wilcox which owned TMI is no longer capable to build a plant. Sad but true, all reactor vessels are manufactured by foreign companies.
tpatten and grey, in the 70s, we don't have NRC and less lawyers, therefore things can be built quickly. Nowadays there are too much bureaucracy, many regulatory and licensing lawyers that make the plant extremely expensive to build. Utilities ( Duke, Exelon, Southern) typically renew or decommission the plant instead of building a new one without government matching. It is solely based on business standpoint.
tpatten, wind and solar energy are tiny, expensive and unstable. They place a very small role to solve our energy problems.
stock can be fluctuated, but the value of this company is increasing. People are forgetting once they invest in Alibaba, they are a part of Ant Financial and Alipay. Alipay is one of the biggest online payment in China and valued at 30 billions.
I think every companies have their own problems. Ma and his staffs are transparent and work very actively to fix the problems. They are collaborating with SEC and worked peacefully with Chinese regulators. Ma said "Counterfeit is a cancer. If you kill the doctor, it does not cure your cancer". You cannot blame everything on him for the counterfeit. Counterfeit is a social problem in China which is impossible to eradicate. These lawsuits are for greedy and unethical people who do not accept their losses.
I invested heavily on BABA. I read the earning report very carefully and trust in their revenues and margins. I am happy with the way Jack Ma and his staffs have been invested in Food, Pharmaceutical, Insurance and Loan. These are social keys for Chinese people in next few years as it is transforming into US system. These investments will generate a lot of revenues. I believe Ma is a very gifted leader with visions as he built his empire with a bare hand in a society that we have to be born in a right family to succeed. I invest in him.
I think there will be some smart institution and hedge funds are loading their cash to take millions of BABA shares on March. I don't know about Yahoo, but Softbank will not sell BABA stakes because of the close relationship between Son and Ma. In addition, Son is BOD of BABA.
BABA did gain from 86 to 120 quickly. If the next earning report is good, BABA will climb back to 120 again. It is the nature of this stock. Those who sold will be hurry to buy back the shares. IMHO.
it is how investors lose money. You sell when BABA is almost at the bottom. Many people sold AMZN when it was 288, then in a week it went up to near 380. The question is do you believe in the company ? I think what happens with BABA at this point is noise. It will pass.