Money Map says: ”The world’s fastest growing company has just made a shocking announcement. It’s going to dump 437 million shares on the open market. With $248 billion in sales, it’s now bigger than eBay and Amazon.com combined.” It continues on with ”…undeniable evidence that, in the coming weeks, this same company’s stock could collapse, decimating the financial security of hundreds of thousands of Americans.” A quick Google search reveals that this is probably Alibaba (BABA), and that the ”dump” already happened on Wed, March 18. The email subject line (dated today, Mar 27) says ”just dumped” so at least the subject line is up to date. The stock price actually spiked on that fearful day, Wed, March 18, to 86.80, within 3 days was down to 82.60, and is now at 84.52. This is hardly a collapse.
Does anyone know if the company is Alibaba?
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I would like to know the same thing?
I bought this as a long term investment but have only lost money on it so far.
Money map press in its February news letter subscription (if I remember correctly), has recommended to grab BABA at IPO price making a case for its growth potential. While I do not deny the teaser is for BABA, there was no sell recommendation received in the mean time.
I do not have a subscription to this expensive service offered by Money map to confirm the stock name.