Baba

[bigtruck]

If there is an over abundance of sell orders on Wednesday morning this should take the stock down, at least early on. You can't really price that into the market. At that point tho buyers might come in figuring this is a low. At any rate I have bet the stock will go down and so far I am losing.

Makes sense. I think we're all down as of now . Wouldn't be surprised if we see this pushed down to the IPO price of $68.

[alias2002]

If there is an over abundance of sell orders on Wednesday morning this should take the stock down, at least early on. You can't really price that into the market. At that point tho buyers might come in figuring this is a low. At any rate I have bet the stock will go down and so far I am losing.

Clear direction easy to understand.

[riverbabe]

buying opportunity!

[billyjoe]

I was thinking the same.

-----------billy

[billyjoe]

Only 14% of BABA outstanding shares are effected by this lockup expiration. So far so good.

----------------billy

[billyjoe]

Looks like a little reward for holding. Strange timing considering the market conditions.

---------------billy

[riverbabe]

Looks like a little reward for holding. Strange timing considering the market conditions.

---------------billy

Alibaba Quarterly Sales Surge 45%, Names Zhang as New CEO

http://finance.yahoo.com/news/alibaba-quarterly-sales-rise-lunar-110219678.html

[billyjoe]

The thorn and millstone in my portfolio has been removed as BABA turns positive!

---------------billy

[Louetta]

Jack Ma's talking up the idea of BABA becoming a kind of Netflix for China. Thought about getting back in but the stock has been headed South pretty consistently for three weeks so lower prices may be ahead in the short run. Figure to buy the stock this time instead of the options because this could be a long haul but if it works could be a big source of new revenue.

[Lucavia123]

BABA posted some decent numbers. Missed estimates through. 4 billion buy back.

Down 5% pre-market

Waiting for guidance...

This will most likely get ugly before it gets beautiful.

Great buy and hold China play. If you have 5 - 10 years.

[riverbabe]

Quotation of the Day

"We have a very clear international strategy, and this is a core strategy for the coming decades."

- Daniel Zhang, Alibaba's new chief executive, during the company's earnings call on Wednesday.

[riverbabe]

HEDGE FUNDS SHED ALIBABA AND BAIDU SHARES Big money manages sold shares in two of the largest Chinese tech companies listed in the United States when the Chinese stock market took a fall, Matthew Goldstein and Alexandra Stevenson report in DealBook.

Coatue Management, once a darling of a group of hedge funds seeded by the billionaire investor Julian Robertson, known as the "tiger cubs," sold 2.2 million shares of Baidu, roughly 74 percent of its stake in the quarter that ended on June 30. Tiger Global Management, also a "tiger cub," sold 6.6 million shares of Alibaba, almost its entire stake in the Chinese online shopping platform. Shares of both Alibaba and Baidu are down sharply since the beginning of the second quarter.

Other tiger cub funds also sold their shares in Baidu and Alibaba. Viking Global Investors, led by O. Andreas Halvorsen, who once worked for Mr. Robertson, sold 1.1 million shares in Baidu and also 902,981 shares of Alibaba.The family office for George Soros, the billionaire investor, sold 4.38 million shares of Alibaba, at the same time his firm was buying 2.47 millions shares of Facebook.

Not all Chinese companies were shunned this quarter. Some of the biggest shareholders in JD.com, Alibaba's rival in China, are hedge funds that added to their positions. Tiger Global added 49 million shares, bringing its stake to 6.4 percent, while Lone Pine Capital increased its stake to 3.8 percent. Coatue bought 3.3 million shares in JD.com, bringing its stake to 1.4 percent.

[riverbabe]

Hedge Funds Ditch Alibaba for JD.com Less than a year ago investors were scrambling to pick up shares in Alibaba when it made its record debut on the New York Stock Exchange. Now sentiment is changing as JD.com, its smaller competitor, is becoming a hedge fund favorite.

http://www.bloomberg.com/news/articles/2015-08-30/alibaba-rival-gets-more-hedge-fund-love-as-growth-gap-widens?nl=business&emc=edit_dlbkam_20150831

[billyjoe]

Got out of BABA wearing a barrel. Another sure thing gone bust!

---------------billy

[bigtruck]

I hope after the final lockup expiration this month it will start trending up