TradingView
Kirk_Spano
Dec 24, 2020 4:02 PM

Chinese Commies are punishing Jack Ma through Alibaba... 

Alibaba Group Holding LimitedNYSE

Description

The punitive actions taking against Alibaba for Jack Ma for speaking out must be looked at through multi level thinking. Do the Commies really want to break up the company or are they just trying to make money on it? There are a couple scenarios here. The commies break up the company. There's probably legit, but weak reasons to do so. Yes, Alibaba is dominant, but, there is competition coming. The commies beat up the company so the shares get cheaper, buy a bunch of shares and then make nice with Ma (before disappearing him someday). My guess is that. I think they beat the stock up more and then buy shares. My limit orders are in at $192 and $172. I could get rid of the $192 order if momentum is hard down as the price approaches. I already have a starter position in BABA from the last beat down.
Comments
Retired_Millennial
You involved too much emotional ideology in your analysis, the n1 priority of chinese gov as others is to keep all financier activities under regulation, which is not yet the case for what BABA's financial service's doing. At the end of the day, BABA stays a chinese company, same reason US won't beat hard on FAANG but to regulate them more.
More