2waytrading
Long

Will 1.6B Shares Lockup send the price $80.05 or $45.36?

NYSE:BABA   ALIBABA GROUP HLDG LTD
206 1 1
Is it real that 1.6B shares are coming to the market or just are available if owners decide to sell. Yhoo             is the main focus now as both Jack/ Tsai one side and the Japan's soft bank other side already said they will not sell but how much of that 1.6B do they hold? over a billion shares. Yhoo's 384 million shares if added it will be over 95% of the all shares expected to hit the market but if none of them willing to sell as it looks now, expect price recovery from now to mid October but how high will it recover? From technical prospective, the price can go as high as $80.05 where the price crossed 21-days to the downside and it reclaimed for the first time last week staying above it more than 3 days. If you are a long term investor, don't listen Barron's type of drama as well as anyone who claims that BABA is sell now and was buy above $110. They (Barron) recommended that it will hit $125 a few months ago, and anyone who has acted accordingly should regret now but will they again tell you to buy if price hits their initial assessment that this company is solid as hell when price moves towards $200 next 24 months. If u want a real time alert try www.2waytrading.com
Killy_Mel
a year ago
nice) what are those channels - can you pls explain in short?
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