wait for the BABA bull

First step is ok. Stock did not rocket in HK. It ended +0.57% vs US close. Now let's hope US does not pump it and the same for tomorrow. I believe not increasing RSI before the earnings can increase odds of post-earnings rise. Last time Baba was pumped just before earnings and then got trashed. But again, HK is marginal, important is extent of manipulation in the NYSE. If Alibaba beats revenue in deflationary times, Imagine the growth when it flips the switch...

Earnings is good odds. Everyone knows the real value of BABA is $200 per share on the low side. They are just waiting for the breakout before piling into the stock. Need a real catalyst like great earnings or a massive national Stimulus though. Bull markets are born on pessimism, grow on skepticism, mature on optimism. I think baba prob has good news to announce. Otherwise why would it announce before the lunar new year break and let its shareholders celebrate the new year in disappointment? We can dream.

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