It was closer to 10% when I posted. But to be serious, I've been watching it every day for a few years, as I owned some. 8% is a big move.
Sounds pretty negative https://seekingalpha.com/article/4494053-bad-news-for-alibaba-investors adjusting BABA's revenue for these 19 additional days means that BABA's revenue declined organically by CNY 20 billion (10%). On SEC filings, BABA reports declining revenue from its China Commerce segment, its largest business line, which explains CNY 1.5 billion out of the above-mentioned CNY 20 billion organic decline.
Anyone watching ‘Gaming Wall St’ on HBO? Only a few episodes in and most of it is fairly, or I would hope, common knowledge for active swing traders… but it’s a great review of the WSB craze and how the whole game is… well… not necessarily fair.
I actually put in an order at $91.50 yesterday but @Boman Forklift freaked me out a little bit with his article and I canceled the order before the price got there again. Nothing particularly insightful about $91.50. It's just that my trading platform for some reason I will not let me place an order on BABA without specifying a price and it was around that price when decided to buy some.
On the more conservative side- I had an order in a few days ago for more DFS at $100. Only got down to $100.07, now back up to $107. Wish I had bought a bunch more at the $40 pandemic level... (bottom was $28, I got in at $40)
Well it's down to 87.xx right now so that saved you a little. Once I read what I posted, it scared me from putting anything into it. I haven't bought individual stocks in a long time, just buying S&P 500 and a couple mutual funds anymore.
Did you end up getting any Rivian at $40? Sounds like the experts are still expecting it to do well, its at 38.19 now.
I was gonna ask if that was just a joke or if you might actually buy at $25... it could easily happen.
It was a joke at the time, in response to someone who was excited to have an opportunity to get it at $50.