I think this is busted technically and it's going to take awhile to repair. With the lock up expiration around the corner, I don't think this stock is done with it's correction. Plus a combination of a weak market that I think is bound to correct much further, BABA could get back to it's IPO pricing.
Ahh, like maybe this bull market is about to collapse. BABA don't matter anything if that happens, goes much lower. Big boys lightening up on their positions while the going is still good. Bagholder retail buying.