DiscoverGold
3 weeks ago
BABA The last three times we sold off more than 20%, we eventually pulled back to retest the weekly market bias, and I believe we’re about to do it again
By: Peter DiCarlo | March 30, 2025
• I rarely take short positions—especially when we’re still above the weekly market bias—but this setup looks too good to pass up. The last three times we sold off more than 20%, we eventually pulled back to retest the weekly market bias, and I believe we’re about to do it again.
I’ve turned on the 1-hour and 15-minute bots short, and on Monday I plan to enter a short position in the main fund with a stop above $145.
After nearly a 100% move up, the risk/reward here is off the charts. I’m betting on a healthy pullback to realign with the weekly bias.
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DiscoverGold
2 months ago
Alibaba to invest $52.4 bln in cloud & AI infrastructure; shares hit 3-yr high
By: Investing.com | February 23, 2025
Alibaba Group (NYSE:BABA) announced plans on Monday to invest 380 billion yuan ($52.4 billion) over the next three years to boost its cloud computing and artificial intelligence (AI) infrastructure, marking its largest technology investment to date.
The move underscores Alibaba’s ambition to lead in AI-driven growth and solidify its position as a global cloud provider, the company said.
Hong Kong-listed Alibaba (HK:9988) shares rose 0.7% to HK$139.40 as of 02:50 GMT to their highest level since November 2021.
In its latest quarterly report released last week, Alibaba reported a 7.6% year-over-year increase in revenue for the December quarter, totaling 280.15 billion yuan, slightly surpassing analysts' expectations.
During the earnings call, CEO Eddie Wu called AI a “once-in-a-generation” opportunity, highlighting Artificial General Intelligence (AGI) as the company’s long-term goal.
Alibaba Cloud, already the company’s fastest-growing segment, saw an 11% year-over-year revenue increase last quarter, with AI-related product revenue posting triple-digit growth for the sixth consecutive quarter.
Wu emphasized that cloud services remain Alibaba’s primary revenue driver in AI, fueled by rising demand for AI hosting solutions.
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DiscoverGold
DiscoverGold
2 months ago
Alibaba (BABA) Stock Surges on Upbeat Quarterly Results
By: Schaeffer's Investment Research | February 20, 2025
• The China-based tech name beat expectations for the fiscal third quarter
• Options volume is running at 5 times the intraday average amount
Alibaba Group Holding Ltd - ADR (NYSE:BABA) stock is up 12.8% at $141.92 at last glance, after the China-based tech name saw quarterly profits rise thanks to strong cloud and e-commerce growth, beating estimates. The company also announced a 13% year-over-year sales jump, and surpassed revenue expectations for the fiscal third quarter.
BABA yesterday snapped an eight-day win streak, but is now set to resume gains with its biggest single-day percentage gain since March 2023. Today's surge also places the stock at its highest level since November 2021, and well above all short- and long-term moving averages. In the last 12 months, Alibaba stock added 91%, and already sports a 69% year-to-date lead.
Options traders lean bullish on BABA. This is per the stocks' 50-day call/put volume ratio of 4.66 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which sits higher than 78% of readings from the past year.
Drilling down to today's options activity, 407,000 calls and 139,000 puts have crossed the tape so far, which is 5 times the volume typically seen at this point. The most popular contract is the February 140 call, where new positions are currently being opened.
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DiscoverGold
DiscoverGold
2 months ago
$BABA Update – Still Running, But Scaling Back
By: Peter DiCarlo | February 16, 2025
• $BABA has been breaking out perfectly, and just like last week, the trading bots are still live, and I still hold a position across all funds.
Still in the trade, but sizing down
Now only trading with 25% of the original position
I’ll let this continue to expand, but at this point, the risk vs. reward isn’t as ideal as before.
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