Alibaba is preparing for an IPO that could put it in the upper reaches of initial stock sales, with echoes of Facebook hysteria to come.
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However, following the weak holiday sales figures yesterday, the stock plunged through upper level stops.
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Lesson Number Two: QE 1 and QE 2 boosted the wealth of upper income groups because the stock market rose and the wealthiest benefited since 75% of all common stocks are held by 10% of the population.
On Friday, the stock dipped below the upper band of our buy zone for a short-term trade.
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Around the same time in 1995, McCaw went for Nextel, a fixer-upper with bad wireless service and a collapsed stock price.
Using the lows as a stop, I could see this stock slowly working its way to the upper lateral trend line and eventually breaking out.
This stock now has a nice six month upper range that looks poised to break to the upside, very similar to some of the previous core buys.
Salesforce (NYSE:CRM) is another stock, like AMZN, that is basing near upper levels.
Is stock picking nothing more than a hobby for bored upper-class men?
But a volatile stock market, and caps on what middle and upper income investors can buy in the high flying real estate market have reduced investment opportunities for Chinese.
Within four days, the stock gained close to 35%, racing from the upper 50s to mid-70s, as a couple of analysts raved, again, about the prospect of the company.
U.S. stock futures are basically flat this morning as the market continues to hang higher in this upper range.
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