BABA

RAMOUTAR said:
Well. Scanning and setting trading plan for Monday and next week (prelim.) complete. BABA is added. We're going yo hold for swing (maybe longer) and grind/daytrade it if opportunity is there.
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We've latched onto the $BABA with a long @ $109.01
 
RAMOUTAR said:
Your post piqued my interest, and now BABA is on our radar. BABA not in my stable, but will watch. Here's my take:

1) Put/Call Ratio in the $105-$111 strike zones (a/o today's close) are 3:1. The 3/24, 3/31,4/7 and 4/13 P/C ratios lean more toward strong bullish implied volatility. Overall bullish, subject to mkt. change.
2) Insider/Institutional activity (6 months, quarter before last, respectively): Nil to none, or just "plain ole" not available. Neutral
3) Earnings: Report on 5/3. Estimate is +.71 vs. .44 Q1 2016: Appears to be bullish. From a fundamental standpoint, very impressive jump!
4) Analysts: 39 of them. Price target consensus is $127.15: Bullish until the earnings are reported
5) Shorts are very high. 13.25% of the float is short. Very bearish. The shorts are either very right, or "very" wrong. Be careful, this will end up has a very hard 50/50. Quite scary, yet very attractive!

We're setting the following: E-here at ~$108, S- $107.23 T- $111.05. Nice R/R/R of 3.89:1

Just providing info. May the trend be with you Michael J. Fletcher...
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We're in at $109.01, stop at 107.90, first initial target is $111.05...all else is equal.
 
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