StayHome
2022-03-23

The increase of stock repurchase for $Alibaba(BABA)$ could imply tat the company is confident in their biz and they hv the Cash to buy back especially when the stock value is low compared to its ATH …. the rebound of the stock can be short term but the effect could be long term .... [Thinking] [Observation] 

@Tiger_comments：The largest Buyback of Chinese stocks: Alibaba $25 billion!
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Comments

  • ChristKitto
    2022-03-23
    ChristKitto
    I was checking their financials , this is really cheap. If they don’t do anything stupid we can easily see $200 here
    • StayHome: 
      It’s good they buy back their shares when they hv cash on hand ….
  • CyrilDavy
    2022-03-23
    CyrilDavy
    Companies in China are stronger relative to their competition and priced lower. Just buy it dummy.
    • StayHome: 
      Yes, buy low when funding is available ….
  • poppii
    2022-03-23
    poppii
    How do you feel about Alibaba as a company and do you think its stock will continue to rise?
    • poppiiReplyStayHome: 
      I think the market still underestimates Alibaba. I will always hold it.
    • StayHome: 
      As a profitable company Alibaba shd be good …. whether the stock will rise, it depends …. maybe after the company done their repurchase program ….
  • glimmzy
    2022-03-23
    glimmzy
    Alibaba is a very good company in my mind and I am bullish on it.
  • snoozi
    2022-03-23
    snoozi
    I continue to be bullish on Alibaba and I will not sell my shares in Alibaba.
  • CrystalRose
    2022-03-23
    CrystalRose
    Sorry Shorts it’s too late to be bearish on this! You had your chance to cover in the 70’s and you didn’t! Back to 300’s now! It’s BULLS turn now!
    • AfraSimon: 
      This could easily go to 140-160. Then all the shorts from 70-80 are down 100%. People holding profitable shorts from 160-200 will likely dump as we approach there.
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