Why is there PLENTY of evidence of more upside .......
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LAST YEARS Headlines with a2 selling out of product as they have every year......... This 24hr sales is HUGE for holders if pattern is the same as previous years.
"Alibaba breaks Singles Day record with more then $38 Billion in sales"
https://www.cnbc.com/2019/11/11/alib...pping-day.html
Every other year, immediately following 11:11, the share price has sky rocketed. Why would this year be any different? Obviously if 11:11 isn’t successful I can understand, but it’s also obvious that China is one of the few economies which have recovered and growing.
Didn't we think it had bottomed out a couple of weeks or so ago? Thankfully my current average isn't too far north of here. Happy to accumulate a few more at these levels, but won't be too surprised to see further weakness this side of the US election.
Do I sense your conviction waning a little here, couta?
Didn’t forget about Covid, how ridiculous.
You do realise that babies didn’t suddenly stop drinking milk when Covid hit, considering it hit China back in December.
So, what, 10 months with no infant formula?
I’m certainly not counting on 11:11 generating a miraculous recovery in the SP, but also as I’ve said these things provide more upside to downside.
It’s also not a case of 11:11 being priced in, also a ridiculous statement. It’s never priced in any other year, so why would investors start now.
I may be proven wrong come next update, but my contacts in China are predicting an even bigger 11:11 this year vs previous, and seems A2 have been rapidly expanding their direct channels in China to supply product, and appears the demand is still there.
Time will tell I guess.