......"The stock has traded particularly well of late since they reported that first quarter of earnings as a publicly traded company, but I think it’s really important to note that lock-up, there is going to be a lot of overhang coming. There is a short one, a small one coming next month, I think a few million shares, which really isn't substantial if you think they just did an IPO of 368 million shares, but I think when you looking out a little bit farther, when you get into March and in the New Year, they are actually going to unlock 429 million shares," Nathan said.
Nathan feels that Alibaba’s stock is trading so well because "there are a lot of huge mutual fund complexes out there that think they are going to own this company or this stock for years and years to come and there is a supply-demand issue here; They keep buying it and there is not a ton of supply."
Read more: www.benzinga.com/media/cnbc/14/11/5033759/...aba#ixzz3K5z4Y8gr