Once the funds feel that it's too risky to continue to artificially inflate other tech stocks, they will move their funds back to the deflate balloons like JD and Alibaba
Is Alibaba share price USD250 or 300? Is it not making money? Didn't it not give dividend last quarter? If not, why keeping painting glummy picture as though the company is going bust tomorrow?
Alibaba Misses Revenue Estimates; Boosts Buyback by $25 Billion
Alibaba : Q3 Non-GAAP EPS of $2.67 beats by $0.03. Revenue of $36.67B beats by $270M.Alibaba shares jumped over 4% on the news.“Alibaba Group delivered a healthy quarter with revenue growth of 5% year-over-year. We increased our investment in strategic priorities and improved shareholder return by leveraging our strong balance sheet and cash flow. Our board of directors approved an increase of US$25 billion to our share repurchase program, demonstrating our confidence in the outlook of our busi
This equity onslaught seems similar to 1997 currencies onslaught. Quite coordinated attack. Whatever good economic news from China will be met with further selloff. China will need to be able to defend itself otherwise their growth in 2024 will be zero
If you know the pain, it can be easily rectified. There are quite many others who are exuberating without knowing the pain exists is a real cause for concern