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rallyTiger
New Orleans Pelicans Fan
Member since Apr 2016
782 posts
 Online 

just bought Alibaba and they are reporting earnings on Thursday
If there earnings are up, the stock could jump back up, it least that's what I'm hoping for, another Tesla situation


kywildcatfanone
Kentucky Fan
Wildcat Country!
Member since Oct 2012
67989 posts

re: just bought Alibaba and they are reporting earnings on Thursday
They should have jumped a couple of weeks ago, but I guess the virus issue is hurting them.


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31
MrJimBeam
New Orleans Saints Fan
Member since Apr 2009
3828 posts

re: just bought Alibaba and they are reporting earnings on Thursday
Baba is one of my bigger investments as I see a ton of upside.


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stout
Arizona Fan
Back in God's Country
Member since Sep 2006
141172 posts

re: just bought Alibaba and they are reporting earnings on Thursday
They will beat earnings but what will drive them down is future guidance with regards of the impact of the virus. I stayed away from it because of that but wish you luck with it.


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40
bayoubengals88
Wisconsin Fan
LA
Member since Sep 2007
12397 posts

re: just bought Alibaba and they are reporting earnings on Thursday
Solid research. You should write a "how to" on creating generational wealth.


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63
Thib-a-doe Tiger
LSU Fan
Member since Nov 2012
32064 posts
 Online 

re: just bought Alibaba and they are reporting earnings on Thursday
if they cure coronavirus by Thursday, you're golden


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40
stout
Arizona Fan
Back in God's Country
Member since Sep 2006
141172 posts

re: just bought Alibaba and they are reporting earnings on Thursday
BTW, why didn't you buy yesterday when they were down? You just gave the option writer some extra money so I am sure he appreciates it.


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20
hubertcumberdale
LSU Fan
Member since Nov 2009
1983 posts

re: just bought Alibaba and they are reporting earnings on Thursday
load up on them near expiry out the money call options baw, juice those returns
This post was edited on 2/11 at 1:50 pm


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Lsutiger2424
LSU Fan
Member since Dec 2016
610 posts

re: just bought Alibaba and they are reporting earnings on Thursday
Sold everything at 220 weeks ago when the news of the virus really started coming out. I’ll be back eventually. It’s very risky right now because earnings is supposed to be great but China is also lying about the amount inflected and deaths due to the coronavirus. Good luck.


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Azazello
Tennessee Fan
Member since Sep 2011
2824 posts

re: just bought Alibaba and they are reporting earnings on Thursday
Purchasing options around earnings releases is a sucker's bet. You would have a better ROI on the roulette table.







stout
Arizona Fan
Back in God's Country
Member since Sep 2006
141172 posts

re: just bought Alibaba and they are reporting earnings on Thursday
quote:

Purchasing options around earnings releases is a sucker's bet. You would have a better ROI on the roulette table.



It can be good if you have a strategy and sell during the run-up to suckers like the OP that buy weeklys a day or two before earnings and pay a premium for them. Doing that netted me 130% return today on NVDA calls I bought just last week.


WM88
LSU Fan
West Monroe
Member since Aug 2004
1210 posts

re: just bought Alibaba and they are reporting earnings on Thursday
I'm deep in Alibaba. You'll be fine long term. We'll know Thursday about short term.

Earnings will be good but guidance may may kill any upward movement.


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Triple Bogey
LSU Fan
19th Green
Member since May 2017
2827 posts

re: just bought Alibaba and they are reporting earnings on Thursday
quote:

It can be good if you have a strategy and sell during the run-up to suckers like the OP that buy weeklys a day or two before earnings and pay a premium for them. Doing that netted me 130% return today on NVDA calls I bought just last week.



Absolutely. Options have been getting destroyed through earnings. Calls and Puts both. People expecting these big 10-15% moves, the stock only moves 3-4% and then sellers collect that premium.


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stout
Arizona Fan
Back in God's Country
Member since Sep 2006
141172 posts

re: just bought Alibaba and they are reporting earnings on Thursday
Please tell us that you didn't hold through earnings. RIP your money if you did.


MikeD
LSU Fan
Baton Rouge
Member since Jan 2004
3325 posts

re: just bought Alibaba and they are reporting earnings on Thursday
Down 1.8%? Or did they report after hours and have terrible results?


KamaCausey_LSU
Member since Apr 2013
7168 posts

re: just bought Alibaba and they are reporting earnings on Thursday
Shouldn't be too much damage unless he had near expiry options.


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WM88
LSU Fan
West Monroe
Member since Aug 2004
1210 posts

re: just bought Alibaba and they are reporting earnings on Thursday
Great results...Forward guidance is Coronavirus will affect future earnings.


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