BABA

[viruscore1]

Any thoughts on BABA Alibaba? Looks like another bullish momentum play.

 

[Cuddles]

Long here, think it's next 1k/share stock.

 

[viruscore1]

My option analyzer says less than 18% chance the stock will drop below $160 by Jan 19 2018.

 

[ET180]

Long. If it starts to stumble, the Chinese govt. will bail it out. They also have protection from any competition by Amazon. Same case for Baidu.

 

[maxinger]

101% up trend.

 

[viruscore1]

New business for BABA...
https://www.bloomberg.com/news/arti...5-million-funding-for-chinese-car-site-souche

 

[Chris Mac]

Seriously ? Bullish momentum ? with a negative divergence?

I wrote 1 year ago BABA was a strong buy @ 87 dollars. At that time, everyone wanted to dump the stock.
And now, after +110%, perfect time to take profits and everyone wants to buy? Interesting.

https://www.elitetrader.com/et/threads/trumpnation.305534/page-2#post-4382915

CM

 

[viruscore1]

Your charting looks off, you're reversing trend with only macd. I have credit spread at 160 and 140. As you can see it's up 4.35 and 2.38% today, not following your crystal ball prediction at all...

 

[Chris Mac]

Your charting looks off, you're reversing trend with only macd. I have credit spread at 160 and 140. As you can see it's up 4.35 and 2.38% today, not following your crystal ball prediction at all...

Lol I don't know when it will reverse but sure @187 dollars this is not a BUY.
No crystal ball, only EXPERIENCE and EDGE.

CM

 

[viruscore1]

Lol I don't know when it will reverse but sure @187 dollars this is not a BUY.
No crystal ball, only EXPERIENCE and EDGE.
CM

lol, you mean you picked it out of the air. You should short it...