You can look better at these numbers… you will see something has changed.
Alibaba’s price now is around $77 but the real value considering its fundamentals is around $50 so I believe the stock will continue to go down to meet the value. I would sell this stock if I would have it.
BOOM!!!
China says it will support Chinese IPOs abroad, calls for closure on tech crackdown
Delisting fears and crackdown fears quashed. Some good news and optimism going forward. Hope @Mofojonno didn’t sell out
Haha no I would need to see this about $75 higher before being interested in buying
it will likely get there. The main cause of downward pressure on the stock was the US delisting risk. That is now being worked through which means it will rise fairly quickly.
Anyway each his/her own… I just fired a big torpedo into BABA on my Trading212 account.
Another 100%+ and some people will break even on their investment
I’m buying more Baba on pay day
BABA BOOM
I bought more on my AJ bell account as I get to exchange it to HK in the event of delisting.
It says in the contract note 1 ADR equal to 8 shares