Slowly but Surely
$Alibaba (BABA.US)$ many bulls sold at a loss and now becomes bear, fearing that the stock will now goes back up. They might even buy back at higher price when this stock rally past 120 and stay above. I believe the next range will be between 100 to 120 then 150 to 180 before 200. It will take time but will eventually get there when China economy and sentiment improves.
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102559790 : the only grey rhino is china macro policy promises that do not seem to deliver while fundamental continues to soften. but that is also the reason the longs can get this good stock at this cheap price...that even Michael Blurry unable to resist loading up.
MrM OP 102559790 : Haha yeah when it recovers, won’t be able to find these blue chip stocks at this price anymore and naturally by then you will not see these bears luring around. Shorting at this price is crazy. At such low Pe, it’s much better and lesser risk to short those overvalued tech stock in US. More meat also haha