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.
As a holding group od companies, Alibaba's goal is to expand and buy companies. Earnings per share of flagship BABA is taken for granted. There BABA share will never reach three digit.