chinese stock market have gone so low that the government funds have stepped in. Dips are met with some support. HK market is still subjected to onslaughts when bad news come from CHina and HK.
$BABA-SW(09988.HK)$Sad to say, bulls are unlikely to recover their losses in this counter in their lifetime
what u are saying reflect your current sentiment. when the market rally sometimes later, i am sure investors will chase the price and who can say BABA will not regain past glory. CAONIAO is expanding well and its IPO is around the corner...and may be the first salvo. The huge cash hoard can also be utilised in many ways to boost share price. cannot rule out BABA entirely.
Many quarterly reports produced a large increase in buying that exceeded expectations, and even the market value exceeded Alibaba's, which would then rebound or continue to rise.
the last qtr BB has reduced compared to the previous qtr. For the amount approved and still avail to buy back , I don' see the action is showing confidence company is stepping up BB. baba has to do more. I expect baba to BB forcefully and hope the mgmt can announce BB timely which will send confidence boost to the matket and not just during ER.