The Traderszone Network

Published in TZ Latest News 9 March, 2015 by The TZ Newswire Staff

Alibaba (BABA) Approaches Lockup Expiration Day – Doomsday or BuyBuyDay?

So as Alibaba (BABA) approaches its lockup expiration day on March 18th, the news media is announcing the plunge in the stock price that will happen as the stock goes through this period. Here is the chart. Not much to smile about. A 4 month down trend, recently trading below the original pullback and under performing the $SPX on the purple SPURS. A small glimpse of enthusiasm could be tilted towards the positive divergence on the MACD, but that would be a stretch. On March 18, when the lockup expires, what will happen to this highly praised IPO?

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