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Feb 7, 2022 2:25 PM

BABA SoftBank to Sell Its Huge Stake ??? Short

Alibaba Group Holding LimitedNYSE

Description

Additional American depositary share registration in the U.S. was translated by Citigroup`s analysts as SoftBank Group intention to sell part of its stake.

Softbank was a pre-initial public offering investor in BABA, owning 5.39 billion ordinary Alibaba shares, or a 24.8% stake,

The can drop to the $109 support, if not even lower.

Looking forward to read your opinion about it.
Comments
wolfffhunt
fud. its great place to buy. very good support under us
chinmayamahapatra
The support will break if SoftBank Sells. It owns 25%. There is a very high chance as Softbank needs money because of their own stock’s poor performance.
wolfffhunt
@chinmayamahapatra do you trade the charts or news. Think about it...
chinmayamahapatra
@wolfffhunt It does not matter. Charts price action shows the news in them. Currently Baba charts are weak and us showing downside to 85-90$ range.
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FrankArmstrong
@chinmayamahapatra, if they sell, the question is how much they will sell if they indeed do sell ?
Mihai_Iacob
Very bearish Baba...
naorz
When will the company publish a earning?
FrankArmstrong
sandrhp
@naorz, anytime from now till 23rd of feb 2022
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