chartmojo

BABA SUPPORT TEST LOCKUP EXPIRATION COMING 3-18

NYSE:BABA   ALIBABA GROUP HLDG LTD
416 13 5
Perfect up down life span of a hype runner IPO . 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 bearish at that point.
Comment: was a killer play...
You're doing one of the best analyses here on tradingview. Good jobs AND thank you :)
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What do you think about yesterday's bounce? Is this the beginning of a trend reversal, or just a "dead cat bounce" before new record lows? Thank you!
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chartmojo PRO mihai.mititelu
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.
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chartmojo PRO chartmojo
The real lockup expiration effect on gpro was the 96 to 49 drop in the months leading up to the lockup expiration...then a flat out additional 20% drop in the 10 days following the lockup expiration (in and up market no less)...I'de say it was affected.
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Yes, I couldn't agree more. I still think BABA will hit new record lows until March 18th.
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Ok 1.6 billion shares unlocking Sept 20th...that is allot of overhang...re-iterating that this is a great potentail short/put opportunity. Great company...price is just may be way ahead of itself.
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Had a nice drop after the first call...here it goes again starting to set up for the Sept 20th 1.6 billion share lockup expiration..
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Still on track for death before Sept 20
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yup working like charm...look out below
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Sweet sweet moves and the lockup expiration is still coming
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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.
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Absolutley slayed this one...I hope some of you caught this with shorts or puts....the daily volume is infintesimal compared to the new 1.5 bil shares available to sell..
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G13Man chartmojo
yes , you got me hooked on " stock lock up expiration "
THANKS
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