NYSE:BABA ALIBABA GROUP HLDG LTD
Perfect up down life span of a hype runner . Big lockup expiration coming 3.18 when 429 mil shares will be for sale in the public market (overhang) Then of course Sept 20 1.6 billion shares unlocking...can we say together "Humungus". Of course obviously Nov is when the big shorters got in...it could get interesting again with a support break here near long term low of trading....I'm bearishly neutral till the support break them I'm downright at that point.
Comment: was a killer play...
Well they launched their Cloud this week in the U.S...also China had a surprise rate easing this week..also I'de expect someone, maybe the underwriters or insiders to support it if they can as well as short covering/squeezing now and then...one thing for sure the lockup expiration is still coming 3-18..It can always pop...but like GPRO the selling overhang will still be there.
Working out great. As far as I'm able to determine shares from the huge lockup expiration will start trading monday. They some how managed to keep it very quiet. CNBC was talking about the Baba 1 year anniversary all day yesterday and barely mentioned the lockup expiration. Very unusual as they marched out little know bullish (wrong) analysts, one after another.