Keihira
2022-03-25

$Alibaba(BABA)$Like I said before, the share price of BABA for both in NYSE and in HKEX are interlinked, which means if either one closes in red, the other will open in red too. This pattern is observant most of the time.

If this selling pattern does not break off, it will make the price go down even lower. So a word of advice, the price needs a certain upside before heading for profit taking. Otherwise, the price range will be limited and we would not be heading upwards. To me, it looks like it may be going downwards towards 105, or even below.

The repurchasing program is just making investor flee with the profits, and not holding on to long the share. The pattern of buying is not convincing.

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Comments

  • BorisBack
    2022-03-25
    BorisBack
    The lower the price, the less float there will be availible in the future; the more rapid Alibaba can rise
    • MyrnaNorthReplyAfraSimon: 
      BABA’s management decided to buy back $25 billion. Does US government know better than BABA’s management?
    • KeihiraReplyAfraSimon: 
      I have sold my shares off already. Too unpromising. Every day if its drop towards below 100, where is the confidence from? We getting another 36% rise?
    • CyrilDavyReplyMatthewWalter: 
      long term holders of BABA should not be too worried. chinese markets are known for panick buying - and selling...
    • MatthewWalter: 
      BABA is down 6-7% in hong kong, not so much because of delisting fears but because the whole HK markets dropped because of EV concerns.
    • AfraSimon: 
      The lower the price now the harder it is likely to rebound later (because of the buyback).
  • BellaFaraday
    2022-03-25
    BellaFaraday
    Why does Alibaba only buy back its shares in US stocks?
    • BellaFaradayReplyKeihira: 
      Yes, the event did hit investor confidence.
    • Keihira: 
      Very well said, even if the repurchasing effect did take a major impact on the share price, like what BABAsheep said about the "delisting" issue makes investor lose confidence and sell off their share
  • Keihira
    2022-03-25
    Keihira
    So today US drop, Monday HK drop, then US drop again, HK drop, so the dropping never ends. Simple. And its not a bit. Its more than 2 or 3 percent.
    • KeihiraReplyLeilaLynch: 
      I sold my shares already. Until the price bottom to 90 below i may re-enter. The confidence is lacklustre.
    • LeilaLynch: 
      ahhah, alibaba buying back their stocks of 25B it’s going to $200 in no time buying opportunity
  • FranklinMorley
    2022-03-25
    FranklinMorley
    I am staying far away from BABA - It looks like it is going to drop off a cliff. I actually get other better stocks
    • littlesweetie: 
      I love these red days!! This stock got way to ahead of itself and now has huge gaps to fill. Going down much further from here.
  • Keihira
    2022-03-25
    Keihira
    BABAsheep's opinion of getting delisted from NYSE is highly unlikely, but will the confidence lowered by investors, they would withdraw their shares first. Which means I will too.
  • boonchong
    2022-03-25
    boonchong
    yellow Snake is really v dhaep like yellow snake
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