comparing to the stock market cycle chart, I think Alibaba has reached a level of capitulation or depression.
After holding onto the stock for two years and constantly buying the dip, I'm starting to feel depressed and believe rebound is around the corner. I hope the market god can spare mercy to such a great business like this.
My wife and mother-in-law cannot accept ifAlibaba wind down their business as they still need taobao shopping on 11.11 singles day 😅
I believe Alibaba bagholders have been holding this hope for a long time and it's time forour patience to be paid.
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