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Alibaba Group Holdings Ltd ADR (BABA)

NYSE
Currency in USD
Disclaimer
72.51
+0.92(+1.29%)
Real-time Data

BABA Price Commentary

I cannot see Chinese regulators declining stocks much further. They do not want to decline the Hang Seng below 20k again. Baba is extremely oversold, but still fear in the market. Fortune favours the brave as they say. A few weaklings on this board, they’d probably wet their bed if BABA went to 99. No big deal though. Ignore 10% swings, focus on the value of this huge company, think mid-term, not daily or weekly. The real trigger will be a softening stance by the US and China. Inflation is growing in the US. Disruption in trade with China would make it skyrocket. The US depends more on China than vice-versa.
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