Investors have capitulated on $BABA as seen by the huge volume spike. Alibaba is a solid company with lots of growth, and massive negative debt. It won't go bankrupt with how much cash they have and negative debt. As Peter Lynch would say, going bankrupt without debt is impressive.
This downfall has mainly been caused by a scare of anti-monopoly regulations and lockdowns in Shanghai. In all honesty, I believe this is nonsense, and it will pass with time. I see it as a covid March 2020 dump 2.0
Sure the CCP doesn't want Alibaba to have to much power, but they want this economic growth, and solutions will be found. I think this is a good time to average buys into $BABA for growth in the future.
This downfall has mainly been caused by a scare of anti-monopoly regulations and lockdowns in Shanghai. In all honesty, I believe this is nonsense, and it will pass with time. I see it as a covid March 2020 dump 2.0
Sure the CCP doesn't want Alibaba to have to much power, but they want this economic growth, and solutions will be found. I think this is a good time to average buys into $BABA for growth in the future.