Sold all my shares at the open. It seems to be the rule to follow here. Sell every uptick. It doesnt matter if they make money or grow fast. Institutions DO NOT LIKE BABA.
so will shorts do (buy shares tomorrow or monday to cover)
nope, on the contrary, they will try to take it as low as they can. Now the volume is low and no buyers, its a piece of cake for mm to drive this down into the close.
So they let the stock climb after they cover. China slowdown means they grow at 6.8 %. Thats what shorts use as main reason to short here. But china is HUGE, and the middle class consumption is INCREASING, NOT DECLINING.
Its urgent to cover today because CHINA stock market could bounce tomorrow and who knows if a short squeeze could happen.
as simple as that.