ElsieDewey
07-03

$Alibaba(BABA)$

What would BABA's stock price be today without such huge buybacks. Funny that anyone expects buybacks to raise BABA's stock price when those buybacks can't even keep the price afloat.Still, this should add to edge of Alibaba vs other Chinese companies like Baidu which are without investor-friendly policies. Once economy improves steps like these might make investors favor Baba vs other Chinese names. Let's see. Economy in China is still bad. Reality market still down. Consumer confidence low. This will not last forever, however.Why sell unless another pandemic comes? If I buy its company I believe will do well over next 10 years

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