$Alibaba(BABA)$ BABA management can't execute more poorly so far. BABA had a great momentum the past 2 days and was the perfect moment to strike with a comeback with good earnings, buyback, an IPO release news followed by China expected stimulus injection but instead they killed momentum with missing earnings, no IPO release news, margins at single digits and just the same buyback narrative. This sort of news is good for their competitors now that they see a vulnerable company losing market share in the e-commerce space.
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