Bullish Headlines on BABA
$Alibaba (BABA.US)$
News like this causes a bullish reaction almost 90% of the time. Sometimes the reaction is immediately bullish. Sometimes it will take time for the news to get digested by the markets. But the main point is basically headlines about a stock listing will generally generate a bullish reaction. This could possibly be the reason for Alibaba's big gap up in price today in Hong Kong at market open.
News like this causes a bullish reaction almost 90% of the time. Sometimes the reaction is immediately bullish. Sometimes it will take time for the news to get digested by the markets. But the main point is basically headlines about a stock listing will generally generate a bullish reaction. This could possibly be the reason for Alibaba's big gap up in price today in Hong Kong at market open.
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SpyderCall OP : this might get some green candles for your baba play @iamiam
XiCP : potentially primary listed on HK and will be eligible to connect to the Chinese-mainland market via the two-way cross-border Stock Connect programs to enhance its trade liquidity.
SpyderCall OP XiCP : more liquidity is always good
MonkeyGee : yeah, finally. if USA is fighting to give away the American pensions why not take it.
SpyderCall OP MonkeyGee : lollll!!!! I hate the investment bankers. what's next? Singapore? they're going to take everyone's money
MonkeyGee SpyderCall OP : The craziest thing is that the SEC is bashing how risky ADRs are for US investors but they are the ones who approved the business to underwrite these deals!