A nice start to Friday

[Overnight]

It's gonna test me.

Keep in mind Vanz, China banks been closed since our Sunday night for their "National Day" holiday. What a joke. They reopen on our Thursday night so you might see some support there?

 

[vanzandt]

BABA is not going below $136+/- a bit.
You can hold me to it.
-vz

***edit:
....and note, I could have just as easily said $132 or $129 or whatever.

Well, it got close ($138.43), but it looks like I'm safe on this one now.

China just lowered the reserve requirements for their banks. Something like that. I think.
Anyway, pretty sure that will manifest itself as BABA to the moon. For now at least.
$169 pre-market. Up we go.

 

[vanzandt]

Well, it got close ($138.43), but it looks like I'm safe on this one now.

China just lowered the reserve requirements for their banks. Something like that. I think.
Anyway, pretty sure that will manifest itself as BABA to the moon. For now at least.
$169 pre-market. Up we go.

$171.50 now.