$Alibaba(BABA)$ I wanted to write an article on Micron and Alibaba today, but I was extremely busy at work :(

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!

@Daily_Discussion 

# 💰 Stocks to watch today?(05 Nov)

Modify on 2023-03-29 19:56

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  • zinglee
    ·2023-04-03
    Really 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 Spike
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  • wigglyz
    ·2023-04-03
    Fact that despite recent run up BABA is still $18 below January level has the cheerleaders hiding again.
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  • JohnnyYoung
    ·2023-03-29
    Bullish for BABA. MU is just taking the advantage of the whole Semiconductor industry. The earning report was so bad.
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  • vippy
    ·2023-04-03
    I hate charts but check out the 20 day RSI. only a few bucks retracement is pretty incredible.
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  • BlogArca
    ·2023-03-29
    Down for 3 years, got chance to goes up?
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  • Humama888
    ·2023-03-29
    Fantastic. Lookng forward to you next share
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  • zerolih
    ·2023-03-29
    great to hear that u are optimistic with Alibaba
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  • pixiezz
    ·2023-04-03
    BABA never holds its green days.
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  • cheerzy
    ·2023-04-03
    The growth has no limits now.
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  • BruceBryant
    ·2023-03-29
    BABA path to Green repeats today.
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  • BerryNat
    ·2023-03-29
    Thanks for sharing!
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  • 700k
    ·2023-03-29
    m
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  • YapCo
    ·2023-03-29
    👍
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  • Dorcasnoobie
    ·2023-03-29
    [smile]
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  • Jaden1995
    ·2023-03-29
    gr8 m8
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  • Pocariciro
    ·2023-03-29
    [smile]
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  • Lailai92
    ·2023-03-29
    k
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  • Xueni1228
    ·2023-03-29
    H
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  • Shot
    ·2023-03-29
    ok
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  • NhN
    ·2023-03-29
    Ok
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