09-24-2021, 10:33 AM
BABA is past any sort of technical support long ago IMO. It's just a victim of the daily news cycle from the CCP. BABA is the target at least once a week. It's one of the weirdest stock stories you are ever going to see. Everybody knows they have better financials than 95% of the companies on earth. China isn't going to kill their golden goose but they are not afraid to put them on a short leash. BABA has a bottom, and somebody will make money. The biggest problem for anybody way underwater is all the fellow bag holders. Every time it tries to run 10% from wherever the bottom is, investors will dump it out of relief. It could be years before BABA ever sees 200 again. The investor uncertainty will be there for a decade or more. Fundamentals don't matter at all until you believe the CCP won't take it away with little notice.