Alibaba is down 50%. CCP is monitoring this. As a Fibonacci/RSI trader the .382/30 is a pretty good buy zone. The 1.618 is about 175%. Do you really think that BABA is going to go defunct? I believe in China and that their leadership will do a good job. My buy in was $165. It could drop lower but I'm not going to sell. My plan is to sell 50% at $250 and hold the rest long term. I would never think of betraying China. China is so good and better than West. We need money for career and to do much work. Chinese women pretty. Good man. Good Chinese guy no put bad place in BABA. BABA is good. BABA is good.
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