A NEW TRADE AROUND POSITION ON ALIBABA $BABA $JD
This post was just published on ZYX Buy Change Alert.
The long-term core BABA position is long from $68. As of this writing the stock is trading at $84.25. 110% of the full core position size is being held. Profits have been taken as high as $110.63.
Lately BABA has not been trading well. In our analysis, the prime reason for the selling in BABA is that traders are trying to get ahead of the IPO lock-up period for about 14% of the companies publicly traded stock that ends tomorrow.
Lately the pattern has been that the day the lock-up period expires, the stock starts going up. … Please click here or the title below to read more.
March 17, 2015