The analyst expresses a bearish stance on BABA, expecting the stock to go to zero despite the share repurchase increase.
The analyst questions the logic of buying fundamentally strong companies under their 200 WMA and is skeptical about the company's share repurchase, implying a negative outlook.
Why is $BABA quadrupling the number of shares it is repurchasing?? This is going to zero Buying fundamentally strong companies under their 200 WMA is BONKERS Not sure why a company would do that Never mind an investor
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | +2.1% | +2.2% |
| 1 week | +2.3% | +2.1% |
| 1 month | +21.2% | +21.9% |
| 3 months | — | — |
| 6 months | — | — |