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Forum - Wall Street Pit (Alibaba Group - BABA)    Stock Due Diligence for All

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From: luvb2b (Rep: 1963) reply to luvb2bDate: 09/21/2017 12:43
Forum: Wall Street Pit - Msg #2692548 - List BABA msgs Thread #673953362 (Rec: 0)
took some profits on the move this morning and basically exiting the balance here at breakeven. it didn't follow through as well as i had hoped. Re: bsti sort of a flopped ipo supported by alibaba. they brought offering size ...



my daily motivational reading, what the high and mighty penny pumpers say about luv:

"any knowledge you currently have about trading, finance, accounting, etc... that i don't, are things i can fully absorb within a relatively short period of time if its really important to do so... on the other hand, i am quite certain that you are incapable of grasping even 20% of the knowledge i've gained in math, associated algorithmic coding, physical chemistry, solid-state physics, materials science and engineering over decades of study." 

"There are those who market trades, and there are those who trade markets.
There are those who follow marketers, and those who follow markets.
The marketers feast on their followers; the traders feast on the markets." -luvb2b

***Disclaimer & Disclosure***: I make no guarantee as to the accuracy or validity of information in this message. Messages posted reflect my own opinions and/or those of others, and are posted for entertainment purposes only. My messages should not be construed as investment advice. Always make investment decisions in consultation with your own financial advisor. Daytrading is not suitable for everyone. You trade at your own risk. Daytrading involves considerable risk and could result in significant losses, including losses in excess of invested capital. Any information posted here is meant for entertainment purposes only and should not be assumed to be accurate. It is expected that the readers of this information do their own research and due diligence when making trading or investment decisions. I may have long or short positions in any of the stocks that are mentioned, and these positions may change at any time.



Reply to luvb2b - Msg #2692290 - 09/20/2017 11:28

bsti sort of a flopped ipo supported by alibaba. they brought offering size down 30% and price down 30% and that despite baba taking a big chunk of the deal (15m shares out of ~40m). btw baba already owns a chunk of that company.

with chinese stocks up as much as they are, and baba as strong as it is, there should have been a better bid for bsti. imo the trade is short alibaba because that stock is going to break.

for those familiar with reminiscences of a stock operator, pull the book and read chapter 28 - about tt and equatorial stock, you may see the similarity to baba and basti.
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