$Alibaba(BABA)$ Another rinse

$Alibaba(BABA)$ Another rinse and repeat cycle. BABA has closed under $100 every time it broke $100 since 2022. The last time BABA fell as low as $68. How far will it drop this time. $90 $80 $70. Question is when to buy again.

Let's face it. US elections are around the corner. Stimulus size is not clear. And already announced policies are not put into life yet. Innitial euphoria phase is over. Now sobering and waiting. Will everything be as bad as in the past? I do not thing so but with so many uncertainties we cannot be surprised stock is 17 bucks down from the top and further decline perfectly possible. For new investors - you might not catch the bottom but I would think waiting for the election results might be a good idea.

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