If the Amazon goes, we all go…. Soybeans aren’t worth it

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BABA is up 18% this month but down 21% over 6 months. It’s been hammered disproportionally harder compared to other Chinese stocks as Jack Ma turned from idol to pariah in the country. An important point is that foreign investors own a large portion of stocks of the company , a fact that makes China uncomfortable as they like small percentage foreign ownership. At the same time, they want this company to be as global as Google or Microsoft so they could give it a reprieve. So is Baba going to $5 or back to $150? Nobody knows.

all those administrative assistants and marketing execs, better start packing . Coders, stay put