$Alibaba(BABA)$, I think it's a temporary rebounce [Thinking] .
Mentioned before in my not too 1st $Alibaba(BABA)$posted post [Grin] .
The financial report does not look too great to me...[Speechless]
At first I seen so many news mentioning that $Alibaba(BABA)$beats WS estimate & I saw the price surged like 12%+... & I was thinking like what[Surprised] ?!
Maybe it surpassed my prediction & I was thinking... for such a high surged, maybe their performance is +30% to 50% [Helpless] ?
Then u checked...[Speechless]
WTH, they are still making losses 📉 afterall [Duh] .
I didn't know that WS put so low estimate for them [Sly] .
Their revenue is not bad, but maybe a bit slower than their very very past [Thinking] .
Profit wise, does not look that good to me [Thinking] .
Also, with all the covid thingy=economy close down... it's even hard for $Alibaba(BABA)$to excel...[Thinking]
In conclusion, I think that it is just a temporary bullish momentum [Thinking] due to it beating WS estimate for their revenue+FED making some positive noise which turned the market back to bullish, which I guess is also a temporary thing [Thinking] +[Helpless] .
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