ok
@SirBahamut：$Alibaba(BABA)$ I wanted to write an article on Micron and Alibaba today, but I was extremely busy at work :( I will write a full article tomorrow or Friday, but I'll make some quick notes first. I covered Alibaba and Micron numerous times (not sure those articles are still in Tiger anot) so if you are a frequent reader you will know I am bearish on Memory market but I am bullish on China Tech. Micron released its result last night, unsurprisingly bad, net profit worse than expected due to inventory write-down. Guidance worse than expected. Yet somehow, market turns positive on MU after CEO said that inventory correction at downstream is more or less done. Personally, I don't share the same optimism, and evidence of prolonged weakness is increasingly surfacing. Alibaba announced its restructuring strategies, splitting into 6 different business unit. This is really exciting! This not only unlock value as the businesses spin off, but it makes Alibaba a much more efficient and nimble company. Together with Jack Ma's reappearance, this is a total bull signal for Alibaba. Stay tuned for more upside! @Daily_Discussion Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments