No problem... bought more on the dip. If Amazon made it , why not Alibaba? BABA has bigger capital and can pay off its debt with CASH.
lock up mean I can buy more at clearance price. So what is wrong with that ? If NASA can collect all the stupid people in this world then we can populate MARS with a new bread of humans.
UNLOCK means passing a share to others. Supply and demand brings it down but temporary then it goes up again. Unless you are a shorter whose trade limits you to 3 days to cover but if your are long it will go up eventually. BABA is diversifying, in the long run many sources of revenue are feeding to the mother firm Alibaba. Take note that Alibaba is a HOLDING GROUP. It is in the process of diversifying to many businesses.
It just needs a fresh funds to come in to give the shorters a taste of their medicine.
Lots of short sellers pushing it to rise because they know it will sink very soon.
dudes, it is bottom. You cannot dig more on rock solid BABA level. Once the money our, price will float to $90s then $100s / shr rpice.
that is why it is bouncing within mid 80s range Wait for a good news on BABA then will shoot to $90+ when fresh money from new investors comes in.
more revenues for the succeeding years.
Learn from Rolls Royce & Jaguar. Dwindling volume of buyers pressure them to become poor even thou they sell to the rich.
TSLA is not ecommerce. It sells expensive electric car. Also, BABA is a HOLDING GROUP meaning it intends to diversify its business.
BABA has huge CASH $21B. It can pay its debt if it wants to. It made tons of money from selling shares during IPO. SInce interest rate is at lowest then why not make use of cash buying more firms to diversy and earn more revenue which is beneficial in the long term. BABA is not just an ecommerce. It is a HOLDING GROUP of companies. It can engage in many businesses. Currently BABA has reach bottom and fund managers are accumulating positioning themselves for the rise.
so what is your point here. Are you saying that when you sell the price will come down. HAHA. Millions of shares?! Yeah right ... in your dreams HAHA