Thursday, January 29, 2015

Another Pump and Dump

Alibaba took Etraders for the usual ride and is now back below the first day IPO price

CNBC: Jan. 29, 2015
"Alibaba said revenue rose 40 percent to $4.22 billion, but missed the average estimate of $4.45 billion" 

"Alibaba did post better-than-expected third-quarter earnings excluding items of 81 cents a share."

Earnings beat, revenue growth miss. Sounds familiar...




Good times in the casino-formerly-known-as-the-economy