"But I'll tell you, those three declines before today, actually pretty orderly. The stock did give up a lot of ground, but it managed to close off lows most of those days. Came down to the 200 level today and found support, at least for now, at that round number. ... If you bought it around the 200 level, I think you definitely would have wanted to be taking some profits."
The discussion highlights that Alibaba (BABA) has experienced a significant pullback (around 22% off its highs) yet found support near the 200 level. The commentary suggests that investors, especially those who entered at higher levels, might consider taking partial profits rather than waiting for a deeper test of its moving averages.
Indexes Fall Modestly As Hot Stocks Skid. Astera Labs, Quanta Services, Broadcom In Focus.
September 24, 2025
Company Opinion