BABA keeps moving up. Next stop $85!
BABA
- Thread starter recession2016
- Start date
Chanos is very bearish. Seems like the guy is shorting it.
Does anyone know what the deal is this this SEC probing into their financials?
http://marketexclusive.com/sec-focu...sebaba-investigation-main-revenue-areas/7301/
http://marketexclusive.com/sec-focu...sebaba-investigation-main-revenue-areas/7301/
The SEC is also looking into the Singles Day sales and the unaudited numbers associated with the festival which took place on November 11.
The company made $14.3 billion on the Singles Day that took place last year.
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I read somewhere else this week that BABA said they made 5BN in the first hour of Singles Day and 14BN, collectively at the end of the day. For some reason that seems to be a problem. Perhaps the numbers aren't reliable.
They are also under scrutiny because they have been accused of selling counterfeit merchandise. Alibaba doesn't produce anything but they provide a website for tens of thousands that do. Apparently, they have not been self policing their merchants the way they should.
I never heard of Singles Day before but it sounds interesting. It's on Nov 11....11 /11 .
And 1 represents a lonely person and 11 represents companionship. It's a lucky day for mate searching. I have no idea what they buy though.
If Cainiao losses are consolidated into BABA's balance sheet - BABA would be far less profitable if at all
if it fails to push above $80 probably we go lower and good entry will be $75 level if it holds.
if market fails to hold its act expect $75 being an area where bear camp will take this not sure who will win there
Wow SEC is crushing it again.
very nasty rating on Fidelity. no "buy" recommend.still hold and see if next 3 months can break 80 wall and hold above.if not sell all