Aiming 180 first for AlibabaThe speculation continued for the world renowned Company, Alibaba about its founder, Jack Ma being "blacklisted" to being "heavily watched by CCP" and thus he was punished for saying anti-China topics in his last convention.
Of course, there are different camps sitting on this matter, with some believing it is a political move and others saying Alibaba is made as the black sheep for the other Tech giants to see (mess with the CCP and the result is clear).
Yesterday, 9% rise of this stock sent glimmers of hopes to its loyal fans and investors who were disappointed time and time again as they witnessed this stock plummet 65% from its peak at over 310 dollars to its current price of 123.60.
It's fundamentals remain strong , witnessed by the latest Singles Day revenue and compared to its global competitor, Amazon, it is deeply undervalued. Surely, this is not a hit and miss kind of stock , you definitely need patience and a longer time frame before you see your harvest.
Will be buying more later from the HK side (especially now the US is delisting the Chinese Tech companies)
