iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
19,912 Blog Posts

Forget About Comey, Today is Jack Ma Day

While everyone is glued to their sets, hoping that James Comey says some outlandish shit, Jack Ma from BABA is finally getting his due on Wall Street. The stock has exploded to the upside after providing much better than expected guidance on what they call ‘investor day’ — saying sales will increase by a staggering +45-49%. This is having a rapish effect on the portfolios of those short BABA, but it’s also boosting ancillary China plays — like BZUN, JD and even YHOO.

Needham weighs in.

Needham raises their BABA tgt to $155 from $140. Firm feels the highlight of the first day of Alibaba’s 2017 Investor Day was FY18 rev growth guidance above expectations. Co’s CFO provided rev growth guidance of 45-49% y/y growth, which was above consensus rev growth of 37%. This is an acceleration from FY17 growth of 44% growth excluding acquisitions. Mgmt expects core China Commerce growth to be the primary growth driver as Alibaba leverages its data assets to lift consumer engagement, driving more traffic to merchants and raising conversions. Given the higher than expected rev growth firm is raising their FY18 rev, EPS, and EBITDA ests.

Personally, the numbers at “the Chinese Amazon” have always been so good, they reminded me of a scam. Perhaps this is the turning point for Jack Ma’s street cred on Wall Street, not that he gives a shit since BABA is already a giant. Nevertheless, there aren’t any companies out there, the size of BABA, growing at +45-49%. Zero.

The stock is likely going to continue much higher, barring an overall market correction.

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11 comments

  1. it is showtime
    it is showtime

    DrFly I’ve been waiting for a new post

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  2. sarcrilege

    Those Ma Baba projections and estimates are just about as good and reliable as the official Chineez GDP as well as the rest of their not-fake “numbers”.

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    • bushwacker2

      So now your shit list has grown to include the Chinese, and not just Jews (and frog)? Remarkable.

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      • sarcrilege

        Yeah, I am remarkably dynamic and flexible w/ my shit list.

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        • ironturd

          Remarkably flexible with the amount of gold he’s pretending to hoard in a ditch outside the RV park

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          • sarcrilege

            Nope. Reading comprehension is not your strength. Not in a ditch. It’s a lake. Living in a tent with the other white trailer park trash I appear to have these frequent boating accidents and lose it. So technically and practically I don’t have any. Sorry to confuse you.

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  3. halfbloodpope

    Oddest looking man for sure. Feel like he could be a manic Asian gambler at the Pai Gow table.

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  4. it is showtime
    it is showtime

    I noticed, in the last few months, mind control
    propaganda, in the ZH daily close comments.

    Now this. This now confirms a thought-control
    operation indeed was. This is psyop.

    [the over selling, excess-need to persuade. empathy befriending, extra bold/italic, unnecessary cliche, oddly official sounding phrasing, immediate timestamp, that something all of a sudden right now after several years is different, out of context effort. shaming, and, guilt, over…plausibility]

    [They’re using groupthink against a target’s or individual weakness. common Art of War. Directly say: don’t short, do not defy us, do not attempt to beat us (see where this is going). Look it’s right in there. They want, the removal, of opposition. Read it. Someone doesn’t want, bears to remain positioned, going forward. And usurped-common-stock-market-truthteller talking points framing as indisputably infinitely impenetrable, as well as some logic dismission. Psyop:]

    Overleveraged_and_Impatient’s picture 4:04 PM

    People, can we get real for a moment? Fundamentally there SHOULD be a crash, or correction. But the honest truth is that the game has now changed.

    Due to unprecedented amounts of newly created money going directly into the stock market, around $200+ Billion per month, there will be no crash or correction. The game has changed. Now it is all about BAITING bears (shorters) in order to make EASY money off THEM in the form of new all time highs.

    It’s the same thing day in day out, week in, week out, month in month out, year in year out. No matter who is President. Let the market drop a few points, then it comes up higher. This has nothing to do with people buying and selling stocks, earnings, or valuations anymore. The Central Banks OWN all of the stocks and acquiring more ever day.

    The President’s Working Group on Financial Markets can make the S&P 500 go to 4000 TOMORROW if they wanted to, no questions asked. This is not a real “market”, it’s not true. It’s complete fiction and fabrication. They control all the money and are literally making the stock market go up and down each day to BAIT MORE SHORTERS.

    This is all about making a fool of YOU. The realistic, pessimistic trader looking to make big bank on the “next big crash.” It’s time to realize you’re wrong and that this crash is not coming.

    I lost some money shorting the last few years, but now I see the writing on the wall. The S&P 500 is going to new ALL TIME HIGHS no matter what. I predict a price target of 3000 by the end of year, and 4500 by Q1 2019. If there is inflationary pressure on the dollar then we can likely expect S&P 500 6000 by Q1 2020.

    The time is now to go long, so now I am ALL IN. 3x Leveraged Long S&P 500. I’m up about $47,000 on the year and will be quitting my job soon. If I could use higher leverage I would, because up is literally the only direction for Stocks moving forward.

    Do not bet against Janet Yellen, Donald Trump, Gary Cohn, Mario Draghi and Kuroda who ALL want the Stock Market to go up and up. You think you’re better than them? You’re not. They have unlimited bullets.

    Get ready for the James Comey nothing burger tomorrow, followed by a YUGE surge in the S&P 500! And while we’re at it, another SURGE on Friday (probably after another terrorist attack which will BAIT more shorters). The insiders always make it so they can enjoy stress free weekends in the Hamptons.

    [What does that “tell” you]

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