Jack Ma was outspoken against the government?It looks like all of the big Chinese tech companies are caught up in this but BABA has dropped by far the most. Any idea why?
Jack Ma was outspoken against the government?It looks like all of the big Chinese tech companies are caught up in this but BABA has dropped by far the most. Any idea why?
You shouldn't, it's shtick.It is hard to take folks bashing on AMZN as serious when the stock is up over 72% YTD.
What news happened here?It looks like all of the big Chinese tech companies are caught up in this but BABA has dropped by far the most. Any idea why?
In a nutshell, power play most likely, Jack Ma needs to bend the knee to Xi. China threatening monopoly prosecution and whatever else they think of to BABA until then. Other stocks selling off because people remember they're in China, tooWhat news happened here?
Thanks. I admire the heck out of Ma's philanthropy, but he really poked the bear with some of his comments around the Ant Group IPOIn a nutshell, power play most likely, Jack Ma needs to bend the knee to Xi. China threatening monopoly prosecution to Baba and whatever else they think of until then.
This is the ffa, we get 72% on stocks in weeks, not a year. I’ve turned that type of return on utility stocks. It’s one on the few stocks down since the summer. Continue to let Bezos off the hook for poor performance.It is hard to take folks bashing on AMZN as serious when the stock is up over 72% YTD.
Lol. It’s hard to trust those prices. Looking at Yahoo Finance’s chart and there was no volume all morning. 15k shares all day and it looks like all of it was at the end of the day. Just look at the chart, it’s a straight line from open (don’t think that was real) to 11:55am when it looks like $360 worth was sold. You’ll see some funky stuff since it’s got the lowest volume I’ve ever seen.And now it's up 4%. Penny stocks are fun!
Yeah, noticed the same thing. Curious how GM's firm even builds a position in a stock like this. 25 shares at a time?Lol. It’s hard to trust those prices. Looking at Yahoo Finance’s chart and there was no volume all morning. 15k shares all day and it looks like all of it was at the end of the day. Just look at the chart, it’s a straight line from open (don’t think that was real) to 11:55am when it looks like $360 worth was sold. You’ll see some funky stuff since it’s got the lowest volume I’ve ever seen.
Ya but bashnbezos is down like 12% lolIt is hard to take folks bashing on AMZN as serious when the stock is up over 72% YTD.
It’s on the Toronto stock exchange as well. I don’t know if there are fees but the US one isn’t something I’d buy. Getting out of the stock could be very hard.Yeah, noticed the same thing. Curious how GM's firm even builds a position in a stock like this. 25 shares at a time?
I had that with KSFT, but the volume was low and that scares me, so I sold it all off yesterday and today, even tho it had been a good earner.Another factor is that BABA isn't equity in Alibaba. Foreigners can't buy in to Alibaba. It's a shell game with a holding company in the Caymans that has a contract to get a share of profits, and China can pull the rug out any time.
Is that the same for all Chinese companies with US shares or is BABA different?Another factor is that BABA isn't equity in Alibaba. Foreigners can't buy in to Alibaba. It's a shell game with a holding company in the Caymans that has a contract to get a share of profits, and China can pull the rug out any time.
I think it was .10Wasn't .05 the exit point?
I believe it's the same for all Chinese companies, but not 100% sure. If not... The Chinese government can force it on any company large enough to be a "strategic asset" so, any company worth owning will eventually be the same.Is that the same for all Chinese companies with US shares or is BABA different?
Had a bad, but luckily small, experience with LK but BILI has done really well for me this year.
China going after MaIt looks like all of the big Chinese tech companies are caught up in this but BABA has dropped by far the most. Any idea why?
We could probably move this stock trading amongst ourselvesLol. It’s hard to trust those prices. Looking at Yahoo Finance’s chart and there was no volume all morning. 15k shares all day and it looks like all of it was at the end of the day. Just look at the chart, it’s a straight line from open (don’t think that was real) to 11:55am when it looks like $360 worth was sold. You’ll see some funky stuff since it’s got the lowest volume I’ve ever seen.
I don’t understand why anyone would touch a Chinese stock when there are so many domestic opportunities available. This is coming from a former ag feed ownerAnyone see this as an opportunity to add BABA or is it only going to get uglier from here? Just bought some last week, oof!
Sold my chewy, just decided to use my money elsewhereCFO of Chewy Inc (30-Year Financial, Insider Trades) Mario Jesus Marte (insider trades) sold 45,692 shares of CHWY on 12/21/2020 at an average price of $100.4 a share. The total sale was $4.6 million.
Dang, just bought some today
Careful...We could probably move this stock trading amongst ourselves
Yeah...I caught a warning from fidelity for selling to myself and moving a NYSE company about 5%. Really it’s BS given what traders do to cydy on a regular basis.Careful...
I would assume so but it seems like you rarely hear about people getting in trouble for it. Unless you're Martha Stewart of course.Yeah...I caught a warning from fidelity for selling to myself and moving a NYSE company about 5%. Really it’s BS given what traders do to cydy on a regular basis.
Are there rules on this pink sheet stuff?
So you're the pump and the dump?Yeah...I caught a warning from fidelity for selling to myself and moving a NYSE company about 5%.
Owning Chinese companies is just too hard. BABA’s a great company but SE is next door and China-free if you want a piece of e-commerce in the region.Anyone see this as an opportunity to add BABA or is it only going to get uglier from here? Just bought some last week, oof!
I thought that’s how it was done?So you're the pump and the dump?
See that's where you went wrong. Next time use accounts with different brokerages for the buying and selling.I thought that’s how it was done?
Bid Ask spread was huge on BBQ. We are talking 50 cents on a $5 stock. I put one of my shares up for sale one cent below the ask after I already had a buy limit at that price. Just like that I moved the stock price around 5% on the sale of one share
Interesting. I still have 20 shares but sold almost all the shares I had back at $570. Great decision to unload most.This probably won't be good for zoom's stock price. I know some of you guys are in it so hope it's not too bad.
https://mb.ntd.com/zoom-shared-us-user-data-with-beijing_544087.html
Thank You like I just posted jumped in a few days later after mentioned on here. This time I am not selling early like I did with FUBOJumping on CLSK - CleanSpark.
I'll be in tomorrow. These are getting so hard to track lol. Half of my trading portfolio is now pre-merger SPACs lol.Anybody here in $FUSE? It’s a SPAC started by a team that includes Jim Ross, who created the SPY and GLD ETF’s. Another guy, John James, is the CEO of BetaSmartz, a digital financial platform. They’re targeting fintech and/or asset management. Some rumors they’re looking at BlockFi but that seems to literally be based on Twitter follows. Still near NAV. If they DO go after something crypto-related, could pop, if not, I’m interested in fintech in general, anyway.
Still trading near NAV.
I went from none to two (was 3, sold VSPR although I’m still watching as a reopening play) and might get in this one tomorrow, too. I’ve come around to the strategy as using these as a cash replacement like a few others in here.I'll be in tomorrow. These are getting so hard to track lol. Half of my trading portfolio is now pre-merger SPACs lol.
I'm still in HAACU,BTWN,BWACU,PIPP/U, ACTC and VGAC. All SPACs targeting companies in hot sectors and with good leadership.I went from none to two (was 3, sold VSPR although I’m still watching as a reopening play) and might get in this one tomorrow, too. I’ve come around to the strategy as using these as a cash replacement like a few others in here.
My other two are HAACU and BFT.
It's better than cash, but may have to trim some of these if there is ever a decent pull back. Can't expect all of these to find a merger.I'll be in tomorrow. These are getting so hard to track lol. Half of my trading portfolio is now pre-merger SPACs lol.
Yeah I'm not super heavy in any of them (BTWN and VGAC are my largest due to leadership) but it'll be interesting to see how these play out down the road.It's better than cash, but may have to trim some of these if there is ever a decent pull back. Can't expect all of these to find a merger.