I am in relationship with the arts, dreams, love, limerence, cultures and unconventional things. 75% financial addicted. 33% hope. Born at South artiseverywhere
$BABA is sitting around $112. The 52-week range is $103 to $192.
So the stock is near its lows in the same stretch the cloud accelerated to 40% and management disclosed a new revenue line growing 10x. Read that twice.
And they're buying. Roughly 7 million shares repurchased for $815 million in a single quarter, management on record calling it undervalued. When the people with the most information are buying their own stock near the bottom of the range, I pay attention.