$Alibaba (BABA.US)$ It is true non-Chinese institutions are ...
Already 65% reduction Y/Y.
The remaining 14% institution ownership are new investor or diamond hand. i don't think they will bring down price any more than this.
Also, I think Chinese institutions and retail are loading up BABA.
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Brandon Golden : unfortunately the equity market share of china is only less than 6% of the worlds market compare to US 55-56%
so the whole of china needs to put everything in baba and maybe this will be a $160 next month
and with Xi's policy, I don't expect that to rise soon
Geminiasianboi : I can imagine a significant number are related to tax loss harvesting as well so January we shall know more of the actual reason. Either way this is 1/5 the risk at these levels than the qqq at 408 which could easily fall to 240/250.
IT farmer : Be greedy when others are fearful.
Marvan IT farmer: Unfortunately, I said that about $80 ago
r8ntdxstAw IT farmer: This was said about $250 on moomoo and many sites. I said stay far away due to Pooh Bear.
xoshi8HiuI IT farmer: Only $72 ago for me—gee, I must be a much shrewder investor than you are... :-)