Alibaba (BABA)

[Dr. Money]

Originally Posted by NickofDiamonds

I guess my question to you is why you won't take Cramer's advise ?
He's far more qualified then people on this forum.
Have you checked out his background ?

Check out his Bear Stearns call. Then check out how he was telling everyone to sell in 2008-2009, when it was a buying opportunity of a lifetime. Then check out his interview with Aaron Task. These are just three of the more famous examples. These days he seems pretty manic. One day he will say to sell everything, then the next he will say to buy everything. Entertainer not to be taken seriously by the serious investor.

[Dr. Money]

Originally Posted by YelloJacket

I assume you are serious? If so then I am going to tell you that id rather give away my poor investment money to some much need charity then the stock market, the latter case almost certain to happen if you listen to Cramer.

Cramer's bottom line is to perpetuate his TV show, not to make you any money.

Yep and add that he and some big boys are at opposite ends of those TV recs.

[Dr. Money]

Originally Posted by MrQ2

Amongst the market crash, how to treat Alibaba? Should we see it as a purely Chinese stock and don't touch it with a ten feet pole? I am reluctant to take that view because its growth is real and the forward P/E is ~20. Cramer, on the other hand, is advocating dumping all Chinese stocks asap.

What to do? I already own Alibaba via YHOO.

I am interested in BABA eventually. I want to see some more down action before my entry point. $55-58 is where I will be looking to enter. Want to buy it at a point when the initial investors hate it.

[MrQ2]

Originally Posted by Dr. Money

I am interested in BABA eventually. I want to see some more down action before my entry point. $55-58 is where I will be looking to enter. Want to buy it at a point when the initial investors hate it.

The September lockup period is coming soon. I don't think it will affect the share price much but who knows you might get lucky. If the entire Chinese market sinks that week it will get there.

[Bones]

Originally Posted by Dr. Money

Check out his Bear Stearns call. Then check out how he was telling everyone to sell in 2008-2009, when it was a buying opportunity of a lifetime. Then check out his interview with Aaron Task. These are just three of the more famous examples. These days he seems pretty manic. One day he will say to sell everything, then the next he will say to buy everything. Entertainer not to be taken seriously by the serious investor.

Several years ago you would do the opposite of what Cramer said most of the time to make $$$$$