The next year of earnings will be the deciding factor of long term price appreciation / depreciation simply because it will show whether $Alibaba(BABA)$ BABA can continue to grow at a high pace or not. Look at what happened to $JD.com(JD)$ JD's stock price after last quarters earnings release.
Individuals should be more concerned about long term CAGR returns on their portfolio. If BABA shows it can continue to grow Wall Street will turn extremely bullish and completely flip the narrative.
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