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It’s going down more
Don’t try to time the bottom on BABA. There’s no reason to be a hero / fool trying to buy a stock that’s down 55% over several months. BABA has been going down for very good reasons for a very long time and those reasons didn’t change today.
It’s amazing to me to see people tell a fundamentals based story on BABA that stopped being true almost a year ago, but expect the stock to start going up just because ‘it’s down too much.’
It may come back. But, I’ve been shorting it for a while and don’t see any reason to cover that position yet.
Hard to time the bottom but hard for me to see BABA below $300 in 1-2 years.
Rising Star
It’s going to $0. It will be delisted
Hell nawwww, all in on BABA
It’s a risk. But then again all stocks are risk in this environment.
Rising Star
Thats what they said at $200. Don't try to be a hero and beat the market on this one. Clearly ppl are selling for a reason