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Communism

Alibaba: A Bad Investment with Brilliant TechnicalsThe recent news about Alibaba's "donation" to the CCP agenda machine has sent the $BABA worshipers into full defensive mode. YouTube videos and Seeking Alpha articles on the equity have exploded in popularity and volume. Long term, investing in Chinese equities is a gamble but, if you're on the right side of the trade, you can certainly make a lot of money. This may or may not be the case with Alibaba. Present retail sentiment may likely force the stock upward but I think this will be taken as an opportunity by smart money to sell into strength. The retail money will be left holding a bag of CCP garbage. I'm (cautiously) short.
NYSE:BABAShort
by forever_green