Buyback paused
$Alibaba (BABA.US)$ the company will be selling millions of shares first before continuing buyback. The price has exceeded their target point, thus they have to sell and push the prices down first before they continue buying. They need to buy the shares cheaper. So today and next few days they will be making millions of sell orders so expect a huge drop like this to continue. It will drop till 80+ level before buyback continues.
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Btan : There should be heavy buying due to the sudden discount
103699841 : Where you get that from?
Btan 103699841 : He is a doomer - everything is negative
104174101 : Nvm, drop back to 70 we buy
102702622 104174101 :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")