SELL for the Panics, BUY for the Maniacs
$Alibaba (BABA.US)$ todays meeting is very well explained and many joined the meeting did not understand the bigger picture of what china goverment is trying to say.
hence most retailers/institution dump their money. “dump first think later” hence the dump today.
in long term hindsight, the china goverment is giving incremental stimulus package. With QE done in the US, china will follow suit with stimulus. China will not sit and do nothing to ruin their economy and beloved blue chip stock when US is starting their engines to re-stimulate their economy
one must remember, the crackdown for $BABA Is well planned, the only way now is up.
good luck to investors, long green journey ahead for china stocks
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105446847rich : just repeat the rubbish...
better dun hold this speak...noting else new
MoOppai OP 105446847rich : There is something new today with today’s meeting. It’s separates the level of optimism from the rest.
104255742 : Nothing to talk then better not talk. Creates unnecessary hype
The Comeback Kid : Remember that these names have increased a lot in the past few days. deep pullback is expected
it is not something wrong to take profit along the way.