i believe this is legit. the sec doesn't just spin their wheels investigating companies for no reason. it takes lots of resources & money to execute these probes. i believe they have found things already. the question is who will pay off who to keep things hush-hush, and when will the investigation be complete...could drag on for awhile. imho
the point you're making is irrelevant. the fear that the market has is that baba is a crooked company. doing shady things in china. hiding things from the "dumb" americans. make sense?
all the negatives that made it go down in the first place are still there. buffett doesn't change that. he bought at $109. if it breaks above 96-97 levels, then above 100, we will be bullish again. for now, still in a bearish cycle
it would need to break above 96-97 levels to be in a bullish direction again. 1 day doesn't cut it. it's still in a bearish pattern. 85 is on the table still
run up from buffett? think about that for a minute. all the negativity and selling off is now forgiven because buffett bought at $106? are we really that stupid to fall for these media scams??? if berk hath was so proud of their stake, why wouldn't they have announced it sooner?
what a scam. media is rigged. extremely timely reporting. why wasn't it reported last month after berk purchased at $106? you're right. not a reason to buy
TIMELY announcement about the buffett purchase. if he was so proud of that purchase why wouldn't he have announced it earlier? like a month ago. he announced his khc purchase and other purchases immediately. what a scam