I don't care if the pig goes to $120. Someone here commented about a "short squeeze". Only 3.8% of the shares are short. That is not squeeze material. BABA is smoke and mirrors. If I can't figure out the books.... its f'd up. Ya'll buy.... I don't care. Time will tell all.
If BABA goes to $79 come inauguration day.... I fully expect Baron to buy me a suite w/ a balcony on next years ET Cruise. There's a reason that little guy with the big ears was riding the Golden Elevator and now spouting off from Davos.... BABA is toast.
Ahh, Alibaba. I looked at their fundamentals before their IPO and always thought of them as a good long-term investment when they finally went public. The real irony is that after all the shit that has been going on since the offering, they are back just past their opening price. Yeah, it took a bit over two years, but alas. Happens with many stocks, doesn't it. I wouldn't say they are out of the game yet from opening price from 2015, but remember the volatility that will now arise with Trump coming into office. Will that affect BABA's business model in the longer-term?
Where there's smoke, there's fire. They're balance sheet might as well be Incan. At least from an American standpoint. Short this pig above $110. Use puts, about a year out.
Well vanz, you can have at it and play. I missed the boat on that fun, and short-to-midterm stocks scare me, like options. That's why I stick with straight futures. They are easy-peasy in comparison I think. At least for me. *shrugs*
Boooooring. Drop down to P&R and check out the "Main Event" brewing between Bonecrusher and Depetrio..... I'm writing book giving and giving Depetrio a 33.4% chance to clean Bone's clock. I've got all bets covered. Bone has been backing down at last check. Depetrio must be one bad assed M F'r. Even Ocho Cinco respects him.
You know the difference between a sub-forum and a submarine? The submarine has intelligent occupants.