Baba will hit $100 next week

Posted: May 24, 2024

- Chinese stocks and companies are still profitable despite negative perception - Alibaba stocks behaving positively, potentially breaking $100 mark soon - Long weekend coming up, China likely to resolve conflict peacefully - China raised economy target to +5.2% - Perception affects stock behavior, deep analysis still present regardless of color



Summarized top reddit comments: - Concerns about Alibaba's ties to Chinese government and potential political interference impacting investments - Doubts about Alibaba's financial decisions, such as lack of evidence of share buybacks - Personal experiences of losses and concerns about breaking even on investments in Alibaba - Skepticism about the company's future performance amid high inflation - Discussion about the risks involved in investing in Chinese companies due to unreliable economic data and political tensions.



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