$BABA back to $69.69. My goodness gracious. This stock literally can be trading at a 1 Forward P/E and it will still be sold off. I just don’t get it…
@Mr_Derivatives Investors don’t want to invest in China right now…they are becoming more of a threat than a valuable trading partner at this time. When their geopolitics adjust, their markets will follow.
@Mr_Derivatives When the rally comes, it will be vicious!
@Mr_Derivatives $BABA #DailyGap needed to be filled. Nothing new. 💀🥴🙏💯 #GapFillReversal
One of the biggest issues BABA faces is the lack of institutional demand. Majority of the float either held by retail or emerging market ETF's. If/when the day comes that global institutions feel safe w/ the china risks again, this stock will likely reprice quickly... assuming they can demonstrate a return to growth.
@Mr_Derivatives It’s an opportunity at this price.
Due to China's restrictions, foreigners can't directly buy Chinese equities. Instead, they purchase shares of an offshore company, typically registered in a jurisdiction like the Cayman Islands, which then issues shares to foreign investors. Therefore, you aren't actually a direct shareholder of $BABA unless you are Chinese and that's the main reason.