NYSE:BABA   ALIBABA GROUP HOLDING LTD AMERICAN DEPOSITARY SHARES EACH REPRESENTING ONE ORDINARY SHARE
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I do not know about the fundamentals of this stock which are supposed to be fantastic according to
journalists, but I know that at the moment Alibaba looks very bullish . After going below the all time low a great comeback occurred and BABA closed up, with a very bullish candle. This is good enough for me, and I bought yesterday on the close.
keep in mind a 429 million share lockup expiration is occurring on the 18th..people have been seeling all the way into this for a long time...that recent pop was mostly likely short covering on some very successful shorts....a HUGE lockup expiration coming soon
+1 Reply
Only problem is that the lock-up period for BABA shares expires on Mar 18, and that could initiate some heavy selling by investors who were banned to sell prior to that...
+2 Reply
Good to know !
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