Baba will definitely be going to be affected by strong US dollar on inauguration ! 99% it will go down
VZ: 1) I don't know where you got the 3.8% short interest from? There are 110.1 million shares short on a 1.09B float. 2) Jim Chanos is short. IMHO he is one of the best analists of the last 25 years. http://www.cnbc.com/2016/10/25/short-seller-chanos-lays-out-his-bear-case-for-alibaba.html
Any one read body language? Jack Ma is shitting himself. Fear mongering WW3. His company is doomed folks, and he knows it. It's already happening. Factories coming back. Short the shit out of it.
Asia exploding out of the gate now. If BABA doesn't have a green day after that, then it's obvious it is under the Trump effec
Its like the shoe-shine boy effect.... I hear people who know zilch about stocks saying "Its the Amazon of China, its going up up up". That's one key to know when to sell. The other thing is... its just too friggin complicated to understand. Chuck... that article you posted by Chanos says it all. PS... let me verify that 3.8% short interest... I could have swore thats what I read.
It reminds me of one of those old Hollywood Western sets with the fake storefronts in the town. Nothing behind them. And I suspect its some kind of Forex based Enron if the truth were known. These are my feelings from what I could discern exactly : ////////// Chanos, who is famous for his previous bets against once high-flying companies like Enron, explained that his fundamental problem with the company is that "you don't see the entire operation of Alibaba." The founder of Kynikos Associates said there's not enough detail about the individual delivery and warehouse companies that distribute items purchased through Alibaba. "You see a line item, equity and net income of affiliates, but there's no idea — with the 2 million employees — of what those costs are, what the accounting is there," he said in an interview with CNBC's Scott Wapner on "Halftime Report." Chanos said his firm has noticed that some of Alibaba's affiliates have been trying to raise capital. He said investors should ask why the affiliates of a company that has been compared to Amazon have a "voracious need for cash." "I would want to know if I'm investing in a $280 billion company that's supposedly on the forefront of the digital revolution of China why it's so cash flow negative and we can't good answers," Chanos said. ////////////////