9th Sept Stock Connect Live
$Alibaba (BABA.US)$ Expect inflow of 20 Billion dollars. Mainland chinese really positive and getting ready to buy based on chinese financial social media etc. Should ultimately own 10% stake in Alibaba like Tencent. They will also do shares buyback using RMB, no more FX disadvantage. The spring coil is tight now, wait for the release to bounce back up.
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TMW1986 : Waiting next week and see.. If really true, may break 90 easily and towards 100.
103699841 TMW1986 : Must break $86 first then confirmed uptrend, once broken and maintained i think next is $98, meaning it will hit 1 year high, that will show very bullish signals
MrM OP : Slowly guys. It will come. With constant shares buyback at such low price and no longer distributing shares to employees as compensation. I have no doubt the share price will bounce. Rate cut also coming, China can also use their tools by then. Good luck guys