640 Billion Dollar turned into ashes..!
The collapse of BABA is twice as big as Evergrande's 300 Billion dollars debt crisis..!
I believe no one could imagine BABA at 73 dollars a share, but it happened!
Recommendation at these prices is really hard..!
If you hold these could be the risks:
- Chinese stock delist from US market
- Further decline to 58 or lower
So adding to your position when all the gains in the past years washed out 3 times faster does not make sense either..!
BABA's Downtrend is one of the strongest I have ever seen among Ultra big Caps..!
I believe no one could imagine BABA at 73 dollars a share, but it happened!
Recommendation at these prices is really hard..!
If you hold these could be the risks:
- Chinese stock delist from US market
- Further decline to 58 or lower
So adding to your position when all the gains in the past years washed out 3 times faster does not make sense either..!
BABA's Downtrend is one of the strongest I have ever seen among Ultra big Caps..!
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