Post #48 by BenSolar on the Alibaba board

Stocks A to Z / Stocks B / Alibaba (BABA)

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Results pretty good. I wonder if the drop is because of this. https://www.reuters.com/markets/deals/jack-mas-fam...
"
Chinese billionaire Jack Ma's family trust is set to sell 10 million American Depository Shares of Alibaba Group Holdings (9988.HK), for about $871 million, the ecommerce company said in regulatory filings.

The sale will be done on Nov. 21...
"

Can't be helping, lol. But, while that seems like a lot of selling pressure, there are a bazillion of those shares out there trading every day and today alone volume was 62.9m shares. Granted that was the highest volume in the last 6 months, but it illustrates how 10m sold over a week isn't an overwhelming amount.

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