I will write a full article tomorrow or Friday, but I'll make some quick notes first. I covered Alibaba and Micron numerous times (not sure those articles are still in Tiger anot) so if you are a frequent reader you will know I am bearish on Memory market but I am bullish on China Tech.
Micron released its result last night, unsurprisingly bad, net profit worse than expected due to inventory write-down. Guidance worse than expected. Yet somehow, market turns positive on MU after CEO said that inventory correction at downstream is more or less done. Personally, I don't share the same optimism, and evidence of prolonged weakness is increasingly surfacing.
Alibaba announced its restructuring strategies, splitting into 6 different business unit. This is really exciting! This not only unlock value as the businesses spin off, but it makes Alibaba a much more efficient and nimble company. Together with Jack Ma's reappearance, this is a total bull signal for Alibaba. Stay tuned for more upside!
Modify on 2023-03-29 19:56
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- zinglee·2023-04-03Really is there anything better than that moment you go to purchase an option and in doing so you purchased at the absolute low and immediately following is the inevitable upwards SpikeLikeReport
- wigglyz·2023-04-03Fact that despite recent run up BABA is still $18 below January level has the cheerleaders hiding again.LikeReport
- JohnnyYoung·2023-03-29Bullish for BABA. MU is just taking the advantage of the whole Semiconductor industry. The earning report was so bad.LikeReport
- vippy·2023-04-03I hate charts but check out the 20 day RSI. only a few bucks retracement is pretty incredible.LikeReport
- BlogArca·2023-03-29Down for 3 years, got chance to goes up?LikeReport
- Humama888·2023-03-29Fantastic. Lookng forward to you next shareLikeReport
- zerolih·2023-03-29great to hear that u are optimistic with AlibabaLikeReport
- pixiezz·2023-04-03BABA never holds its green days.LikeReport
- cheerzy·2023-04-03The growth has no limits now.LikeReport
- BruceBryant·2023-03-29BABA path to Green repeats today.LikeReport
- BerryNat·2023-03-29Thanks for sharing!LikeReport
- 700k·2023-03-29mLikeReport
- YapCo·2023-03-29👍LikeReport
- Dorcasnoobie·2023-03-29[smile]LikeReport
- Jaden1995·2023-03-29gr8 m8LikeReport
- Pocariciro·2023-03-29[smile]LikeReport
- Lailai92·2023-03-29kLikeReport
- Xueni1228·2023-03-29HLikeReport
- Shot·2023-03-29okLikeReport
- NhN·2023-03-29OkLikeReport