Shorters to cover early next week pushing the price higher !!!
I have unsubscribed to FORBES magazine long time ago. They manipulate stock price by negative propaganda. It is an editorial of wall street syndicate stealing investors money.
SEC should clamp down on spurious news and remove corrupt journalist. Do not always believe what FORBES magazine published.
Any accounting practice of BABA are actually done by other firms as well so there is nothing new. Just keep buying BABA everytime it dips.
Option traders big boys modus operandi is black propaganda or mud slinging. They will try their best to even involved SEC just to pull down the price. Such accounting practices had been done by NFLX, TSLA, AMAZN, etc so there is nothing new to it. When price dips BUY BABA then sell before mid 80s.
it is simply manipulated by the Chinese
First Alibaba Holdings Group does not own physically part of the company. It is like a mutual funds buying investment in Alibaba. Just a piece of paper. So when the Chinese Government change the rules then where do you complain ? SEC? US govt? or CAYMAN ISLAND government? It is a medium to siphoned american money to invest in other Jack Ma's project as dictated by the China Government. In short BABA orice will be peg in a certain range while you support China's military expansion and unfair treatment of foreign companies doing in business inside China.
It does not own any shares in Alibaba in China. What you are buying is a piece of paper called Alibaba Holding Group registered in Cayman Island investing in Alibaba in China. Once the Chinese government changed their rules, all your money will be gone !!!!. :-D haha
Worday will either be Oracle or IBM in the near future.
US stocks will go up faster than BABA.
BABA if it will bounce will be stuck in the low to mid 70s and with it wide spread investing of its money , the shares have been diluted so it will never go up to three digits anymore.
It borrowed tremendous money... right! Then wait for the interest rate to go begin increasing then TELSA will go out of business. The problem is it target the wealthy but has no mass car to sell. The rich never buy the same car brand everyday.
BABA stocks found not safe. Chinese executives aim for self interest but not share holders interest.
BABA sucks foreign investment then steal the money by funneling funds to other companies of executives. Operation cost are high and earnings won't satisfy wall street expectation so price continously go down then it will again sell new shares until it dilutes the price. BABA will never regain high grounds. It will never report a satisfactory earnings expected by analyst. Trust not business set by foreign capitals but run by Chinese management.
so don't be surprise if one by one its businesses are filing for bankrupcy.
Once the money gets into its businesses, it's not coming back. It will always report a loss. So for investors how do you follow up the loss. Instead invest your money in US stocks. There is more integrity in American or Japanese stocks. It's the culture that makes the difference.
impossible to return to the $90s by now.