Big Cat
2022-05-27

$Alibaba(BABA)$, I think it's a temporary rebounce [Thinking] .


Mentioned before in my not too 1st $Alibaba(BABA)$posted post [Grin] .

The financial report does not look too great to me...[Speechless] 

At first I seen so many news mentioning that $Alibaba(BABA)$beats WS estimate & I saw the price surged like 12%+... & I was thinking like what[Surprised] ?!

Maybe it surpassed my prediction & I was thinking... for such a high surged, maybe their performance is +30% to 50% [Helpless] ?

Then u checked...[Speechless] 

WTH, they are still making losses 📉 afterall [Duh] .

I didn't know that WS put so low estimate for them [Sly] .


Their revenue is not bad, but maybe a bit slower than their very very past [Thinking] .

Profit wise, does not look that good to me [Thinking] .


Also, with all the covid thingy=economy close down... it's even hard for $Alibaba(BABA)$to excel...[Thinking] 


In conclusion, I think that it is just a temporary bullish momentum [Thinking]  due to it beating WS estimate for their revenue+FED making some positive noise which turned the market back to bullish, which I guess is also a temporary thing [Thinking] +[Helpless] .

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Comments

  • SanBarbara
    2022-05-30
    SanBarbara
    Now still lot uncertainty [Smug][Smug]
    • StreetCat
      It fall because Jack ma say sillie things. You know how their country operates. People who say thing have MIA. Now all tech company is guai guai. JM too guai lan bo bian
    • dallanube
      yeah
    • Big Cat
      Yar [Grin]
  • Shooperman
    2022-05-30
    Shooperman
    Agree, same challenges are still there in China economy, especially when the PM now sounds more urgent about it.
  • setia100
    2022-05-30
    setia100
    1 man's meat is another man's poison ❗😂
  • StreetCat
    2022-05-30
    StreetCat
    I disagree [Anger]
    • StreetCatReplyBig Cat
      Alibaba is Asia first ecommerce business site. It was take down due to politics face. The country does not want to remain poor. It did it to disturb the opponent who disturbed him first. 🐥
    • Big Cat
      [Thinking]
  • RKT
    2022-05-30
    RKT
    😊You have expressed your opinion and others too shared their.
  • boonk
    2022-05-30
    boonk
    shanghai n some cities, previous on lock down, are opening up
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