$Alibaba (BABA.US)$$Alibaba (BABA.US)$ The stock price has s...
$Alibaba(BABA.US$ $Alibaba(BABA.US$ The stock price has stabilized at the 200-day EMA of 78.1, and the upward trend may be in the works. The bulls may be waiting for the energy of the bears to completely run out and take the opportunity of the 5 billion convertible bond repurchase to overcome multiple resistance levels in one fell swoop, reaching the 52-week all-time high of 101. Once the buyback began, Baba himself was the biggest bully. The company's management certainly isn't willing to let its stock price keep being undervalued, the market value has shrunk drastically, and has always been surpassed by Pinduoduo. Isn't the purpose of issuing convertible bonds for repurchase just to raise stock prices and enhance investor confidence?
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
102559790 : Joe Tsai says double digit growth in 2027 during interview. take so long to achieve such growth....that itself dont give confidence...i thought Joe Tsai quite screwed during the interview and did not frame what to communicate and seize the opportunity to project near term focus on super undervalued share price. isnt shareholder's concerns important. His general pointer to shareholders just be patient i guess.
William888OP 102559790: Agree with you. Cai is a person who knows how to operate capital very well. If issuing 5 billion convertible bonds for repurchases doesn't set off a wave of market trends, isn't this kind of capital operation a failure?
William888OP : The driving force for short to medium term growth should be undervaluation; growth should be the driving force for long-term growth.
Yan Zhang8 : Silly kids, they can only buy back more stocks if the price of the stock is lower. You're making a fuss about buying back and inflating estimates. Do those capitalists have a conscience
Yan Zhang8 102559790: They can only buy back more shares if the stock price is lower; too high stock prices are not beneficial for them to buy back in the long term.
William888OP Yan Zhang8: Haven't you seen the news in the announcement that 14.8 million shares will be repurchased at the closing price of $80.8 on May 23? The current stock price is supported by the 200-day EMA, which is about 3-4% lower than 80.8. Isn't that low enough?
William888OP Yan Zhang8: The key point is that the stock price has always been low. If it doesn't rise, will anyone invest?
Yan Zhang8 William888OP: Mom, are you stupid? Do you think Baba needs to be invested now; just cut the chives.
William888OP : Hedge funds and Wall Street bears heavily increased their positions on Alibaba in the first quarter. Are they also stupid?
102559790 : i think BABA is already doing BB and BB should be more than the previous qtr. it is just that BABA is operating in stealth mode and BB at best price when there is selling presure. more catalyst along the way...in Jul , Qtrly BB disclosural and China Plenary Meeting. In Aug, BABA listing in HK is primary, come early Sep, Mainlander can buy BABA thru northbound connect. and in the meantime, interest rate cut potential in EU and china economic data should continue to improve.. i think just play along and accumulate if you believe in BABA. otherwise, go for another better returning stock. Joe Tsai i think is better than that Daniel Chang...so i guess just take it.
View more comments...