Ah. This may explain why Baba shares fell so much last night. This beside the reading of another Fed interest rate hike spooking the overall market.
But what happened to the Super feel-good over the business split into 6?
So, from my experience, whenever stock prices jacks up tremendously like last week for Baba, it is usually good to sell.
And conversely, when the opposite happens, buy in. Even more when the opposite happens in a very much faster time like for Baba last night.
For me, Baba is a strong buy now. Just as Tesla was a strong sell early yesterday.
But please note it is only my own reading.
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Being a bit cheeky, my strategy of late has been, whatever these two do, I do the opposite. Haha.