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
At this pint accumulation is in process.
Many want to see BABA to go down. Why? I dont get it. Inspite of the company is making money, growing and diversifying its business. Much better than many US firms. If amazon and ebay made it to the top why can't an Asian company ecomerce succeed. Take note that Amazon and Ebay pays their executive big bulk of salary and bonuses + stockoptions. The Asian executives are not paid that much. In the long run BABA will be the winner and I am not surprice if it dicersy its business inside USA. The chinese cannot just buy US treasury bills. They learned that there is a better way ... by mimicking the american corporate business. Chinese can do it and exceed US firms.
however, interest rates is low so it invest in orther businesses to expand revenue and growth
I expect to reach mid 90s.
BULLISH Next week.
Better cover now than next week where many shorties are COVERING to buy back at a higher price than what they sold.
Live and learn. Greedy shortie pigs are getting slaughtered !!! Already bottomed but still wants to dig deeper. Oh well !!! :-D