$Alibaba (BABA.US)$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.
5
2
Report
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
$PDD Holdings (PDD.US)$I guess speculators dumping since pdd had a good run. if folks believe next Monday results will be good then hold. I bought a few calls too.
8
5
Report
tom tom733
:
The financial report should be good. It is estimated that Americans don't know much about Chinese companies.
Fed Chair Powell indicates rate cuts ahead: 'Time has come for policy to adjust' Federal Reserve Chair Jerome Powelllaid the groundwork Friday for interest rate cuts ahead, though he declined to provide exact indications on timing or extent. “The time has come for policy to adjust,” the central bank leader said in his much-awaited keynote address at the Fed’s annual retreat in Jackson Hole, Wyoming. “The direction of travel is clear, and the timing and pace of rate cuts wil...
Federal Reserve Chair Jerome Powelllaid the groundwork Friday for interest rate cuts ahead, though he declined to provide exact indications on timing or extent.
“The time has come for policy to adjust,” the central bank leader said in his much-awaited keynote address at the Fed’s annual retreat in Jackson Hole, Wyoming. “The direction of travel is clear, and the timing and pace of rate cuts wil...
No comment yet