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71429594 Private ID: 71429594
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    71429594 commented on
    $Alibaba (BABA.US)$ I predicted Alibaba would continue to rise for a week last Wednesday, decisively bought 20 lots of call options, holding over 90% of my position, which may be considered risky. As expected, the increase was limited, but it is a sign of market sentiment heating up. This conclusion is based on various factors. First, Alibaba itself is a very good company with high technology. The recent drop from over 300 is due to another company of the founder being temporarily postponed from listing + the founder being taken away for investigation. This event is not a scandal or operational problem of Alibaba itself, so the stock price will certainly rebound. Second, on Thursday Ma Yun was released and Ant Group can continue with its IPO, which is a very bullish news. Also, Alibaba is preparing to cooperate with SAIC Motor Corporation on electric vehicles, this bullish news being delayed will be viewed positively by the market once the Ma Yun incident subsides. Third, Alibaba plans to spend $10 billion over the next two years to buy back stocks, showing Alibaba's great confidence in its future which will impact the stock price. Fourth, due to the decrease in stock price, most shareholders' holdings costs are above $250, with profit ratios as low as 40%+, indicating that these shareholders are relatively firm in their holdings, further promoting the rise in stock price. Fifth, the continuous rise in stock price will definitely attract more bullish shareholders or those who previously held shares, as well as those who follow the upward trend, completely changing the market's sentiment towards Alibaba's rise. I can now continue to predict that the Alibaba stock price will not fall for a day until it reaches 280, surpassing its all-time high within a month.
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