They downgraded the sector again. When almost all firms have done so I guess these stocks will bottom. It appears this wants to trade down where ACI is.
I figure that's the market's objective here. GS downgraded the sector today I guess when they have all piled on with that call it will bottom I believe. It seems like the shares want to go to the $2.50.-.60 area I believe.
I emailed him yesterday he replied with a request for my phone number because he would be in meetings during the day. Meetings for what? That's pretty funny.
Just sold all $32.455 if it goes higher that's OK but appears to be struggling up here and it has been making lower highs lately when the markets are at new highs. I held on one more day until today I wonder if Alibaba is a near-term market top for now I hope not but I'm happy with some nice gains.
Watch for a flush today on that kind of volume. If it rebounds up to the upper $5's it may be a flush but if it closes near or at the low there may be more tomorrow.
That's his way of admitting he's wrong which in his mind he never is. I hope Faber reminds him of this call over and over. If not for Alibaba Cramer would have taken off tomorrow which he tends to do when one of his calls gets slammed.
She is going to have only $3 billion after taxes and shareholders to use. That's peanuts her record so far on acquiring growth is poor so far. These shares are going lower and they will have less of a link to Baba after tomorrow to help and I believe investors are just starting to get it after all the hype of the last two weeks.
He said now the pressure is on Yahoo shares and Mayer to execute. If investors want exposure to Alibaba they can now buy the shares instead of Yahoo to get that exposure.
All I know is RAD is now down $3+ since Cramer was pounding the table to buy near the highs and calling it a growth stock a few months ago. He will act angry now which means very little to those who bought above $8 listening to him. It's known as Cramerized!
Possible flush today. You saw big dumping even down near the lows which tells me a lot of funds were selling. New ownership of shares is now being created.
The sad part is they see the moves earlier than most investors, know what the big guys are doing then have a network that allows them multiple times a day to pump what they are already in and leave before the fall. Nice life I would say and it's not illegal.
must be dumping the remainder of their positions. It would not shock me if they sold most of their positions near $44 with all that pumping they were doing up to last week.