and threatening to "kill" anyone who shorts Chinese market. Boy the Commies sure know how to scare world markets and start Panic Selling around the Globe. Dow down 400 points today on China Economy Meltdown.
Because over weekend talking heads will say "odds" improved greatly of a Fed Rate hike due to words spoken in Jackson Hole. Fed moves soon or looks like a complete FOOL.
I'm betting on Yellen since she really does need to do something to brighten up her complexion.
if strong economy numbers pop up next week. Now why would you want to be long Spy with a 70% chance of a Sept. rate hike staring you square in the face?
except when they are two week away from jacking rates. Never fight the Fed boys - especially if Job Numbers come in strong next week. DOW down 500 points if we unemployment dropping.
and since we know the Chinese government runs all (large) Chinese banks - it now appears the Chinese government had declared war on Alibaba.
Alibaba plans for mobile payment will soon change, as the feisty spirit and belligerence of the country’s Internet industry runs up against a Chinese banking industry known mostly for its entrenched state-backed monopolies. In other words, "China Big Banks will Win" as Baba take another mammoth hit.
Since China won't be able to prop up emerging markets this year or next, much less prop up itself with phony stimulus and banning all "short selling" in China stock exchange. China the "titanic" going down and she will take all emerging markets with it.
its going to fall further. Well ain't that great for underwater Baba employees who might never see any profit from their stock holdings, yet are still expected to work non-stop for peanuts. Wonder how many Baba employees quit Alibaba when there underwater shares fall from $68 to to $50 a share come mid September Stock expiration date?
and what you thought regarding Baba closing slightly over $70 could end up closing under $67. Why go long Alibaba when you know company will miss big next quarter report and in less then 3 weeks 1.6 billion shares get released during "correcting" world stock markets? Scary stuff if you long here when most every is saying Baba has a lot further to drop.
Question now is where is the floor. Low $40 or low $30's??? No one will buy China stocks going forward knowing they are a "FRAUD".
Seems there is not enough security protection from irate Chinese investors who lost everything going long Baba. Last we heard Jack was going to relocate out of the country where he can meet with bankruptcy lawyers to discuss the pending doom of Alibaba.
No Way Jose. Dollar weakening, Fed finds more Dove feather under pillow, China meltdown, Greece uncertainty. Pull back my #$%$. If anything Gold jumps 15% this coming week and doesn't look back.
and boy those insiders who can't sell until Mid-September will soon be jumping off China Bridges knowing they lost every thing betting on a pipe dream and corrupt China Government. Question now is - when does Jack Ma put his new 155 million dollar house on the market, since Baba investors in China will be looking for him - for Pay Back Time.
because that is the "RED signal" the insiders/hedge funds, Big boys only look at. Any you know the BIG PLAYERS will dump this stock as fast as they can come Sept. lock up expiration. We're talking a HUGE drop come mid-September since who wants to hold mid-Sept., just before lock up expiration at $50 a share and then see the stock drop to $35 a share. Its sure going to be Ugly for longs going forward.
IBM not buying Feye after awful earnings and weak leadership
No one else buying FireEye so the stock free falls into $20''s.
If you hold this stock long enough you lose everything. Jon Snow - you know nothing.
See you at $36 tomorrow.
Dow down 160 yesterday. 270 today. Odds says market climbs tomorrow but the question is 'by how much".
I say market climbs 100 points tomorrow and holds as more Fed leaks regarding no Sept, rate hike.
What's up is down and vice versa. Maybe market drops 1000 pts when Yellen says no rate hike in December.