Hate to be a naysayer since I think Alibaba has potential for great returns to investors but that's for the long term unfortunately. It's too early to say their venture into this new area is a success and we need to see more visible evidence instead of data that's provided by Alibaba. We know that Chinese companies are not known to share details of their businesses... especially when it's bad news.

This is an attempt to talk up the market using old news...first chapter, protests by Chinese against zero Covid approach; 2nd Chapter a few weeks ago, Chinese Govt relaxing 'internal controls' and nothing heard about relaxing border controls; 3rd Chapter which is ongoing... relaxation of internal controls coupled with weak vaccination results in rampant increase in COVID infection nationwide and we're still waiting for the fallout from that.  Don't see how we can read from this that China is opening up let alone that Alibaba going to profit from that... let's not forget Alibaba is not the favoured child of Chinese Govt anymore...

All things said, most of us will agree that Alibaba remains a structurally sound company with high long term growth potential. Nevertheless we cannot assume that there's no further significant downside in its prices as so long as China refuses to change its unsound COVID-19 policy and open its economy again, the shares of Alibaba will continue to gravitate downwards. We must also not forget that even if China opens up again, it will still take time for the Chinese consumer to recover their buying power which has been dealt an almost death blow by the lengthy closure of China, leading to increased poverty as businesses and workers struggle to survive.

Looks like History is gonna repeat itself as such talking up of market by supposed gurus encourage reckless market behavior leading to losses when the market proves them wrong. It's too early to predict market movement from just a data blip and it's highly unlikely that the powers dictating interest rates will be convinced by it to change their determination to bring inflation down convincingly.

Prices of Apple 14 are crazy...One can about buy a laptop at those prices! Good stock to short methinks...

I share a contrarian view and think it's going to be tougher for Pinterest to monetise... Pinterest brings to mind Facebook which everyone knows is finding it harder to be profitable. I would think Shopify is more likely to be the winner given it's easier to understand business model. 

Good long term strategy to go for blue chip bank stocks...great addition to passive income