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Originally Posted by lewdog
Got in at $173 for 58 shares. Put a stop loss at $176 after a few days but that was unlikely to hit based on earnings speculation, it was just a precaution on my part.
Up 9% in a week on this.
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Nice. I thought you intended to sell before the report.
When the numbers dropped Friday morning and it beat on EPS/rev it was up 4.5% in premarket. I went to read the report. They guided for 2019 revenue to be up over 60% yoy inclusive of the Cainaio and ele.me acquisitions. I looked and the ticker was down to +1.8%. Seemingly good stuff, cloud computing up 101%. Look over and BABA is down -1%
Then the market opened and we got a few good news items and it sent everything green. Thanks in particular to Buffet for sending my Apple shares soaring with his announcement that BRK bought another 75 million shares in the first quarter! It's crazy reading the numbers some of these companies throw around. Apple bought back $26 billion of it's shares during the last quarter and announced a new plan to buy back another $100 billion.