BABA FYI China tariffs have nothing to do with this drop. BABA barely does any of its business in the US. It is more of investors being scared of China ADRs being delisted if US and China go into conflict.
Buy the fear - if Baba consolidates for the next 2-3 weeks at around $110, it will be going back to $140+ and reach ATHs in coming months.
Trump will 100% ease off on the tariffs and so will China in the coming weeks - there is zero chance that they continue the tariff wars as both US and China stocks will fall to oblivion if they do.
BABA where do we realistically see this going in the near future. I think we have insane relative strength to the market and an overall bullish next week could see this go to 140 no??
BABA we are all stupid, instead of buying Bitcoin, gold, american stocks we should've been buying Alibaba all the time. The markets are down 3 or 4% today in the United States terrably BABA went down yesterday, but now it's trading positive. It's the only green on the board, huh? Go figure.