$Alibaba (BABA.US)$ Alibaba share buy back update has been r...
$Alibaba(BABA.US$ Alibaba share buy back update has been released. Holy cow!
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102559790 : market not appreciating it...then BABA should just mop up more cheap shares...
Mr Careful 102559790: overall market is down so will be affected. but looking at the trend, the buyback seemed very gd. another 2 quarters of 5 billion, we should see above 80
102559790 Mr Careful: china stocks generally ok. i think there is bad blood against BABA. some big funds want it down. or suppress it to buy more at depress price later. i suspect price will turn green in afternoon trade. tml, HK market should welcome this BABA update. i hope BABA long can hang on. better days are near.
Mr Careful 102559790: I think everything is about supply and demand. as soon as the shares that are bought cheap by weak holders are mopped up, the share price will start to move up fast with the gradual buyback.
101747291 : are you kidding? so much buyback and nth. hopeless and worthless company...
DwarfCoOP 102559790: i agree with you.
laiweipei11 : Post what's the use of a buyback, and double shorting with the other hand.
28282828 : Basically the big player just want to make money. When they realise it cant go lower then the only way make money is to push it up at the right time. I believe the reason for buyback basically support the floor price while Baba reorganised the group and provide the catalyst
28282828 : So unless something really bad happens, the 70 range should be well supported and good to buy. Baba has a lot of cash to do buybacks and since its cheap. Why not.
beedeebee : I like the repurchase :)
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