WHY ALIBABA PULLED BACK FROM PREMARKET HIGH OF OVER $105 $BABA $FB $AMZN #ALIBABA
This post was just published on ZYX Buy Change Alert. BABA is long from $68 and 170% of the full core position size is held. After the company reported earnings, bulls were enthused about the number of users, revenues, and earnings. However, a deeper look shows that non-GAAP gross margins went down by about 9% and G&A went up. On the conference call it is obvious that the company is going to substantially increase its spending similar to what was seen on the earnings conference calls of FB and AMZN. As of this writing the classic battle is taking place between