$Alibaba(09988)$ already had an run up before earnings due to government intervention. if it doesn't perform well more people will decide to cut loses or those that bought it will try break even while waiting for lower lows. due to China economy, more people are spending less while saving more and since there's major slow down in the economy cloud might possibly see no growth thus adding the possibility of baba not doing well in this earning. Other sectors that baba is in might need to pick up the slack which I think those sectors are struggling too. thus to me, high chances that baba share price will dip after reporting so-so or bad numbers. I might be wrong but I don't think my analysis is on the delusional end that baba will go $250 EOY prediction for no good reasons only just because i
Is a good time to buy due to valuations and not because who bought. The people u mentioned have plenty of money. If Spending $200M can prob up the stock by making retailer investors fomo it's a small price to pay but I don't think that is the reason they bought it. As for china stimulus... its peanut. USD$200B can't do anything to the market.
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$Alibaba(BABA)$ splitting might be good for Alibaba itself but it is not good for stock holders. Will they get money from their own pocket to IPO each of the individual 6 groups or sell shares to fund for IPO. U tell me....