This sums up the last yr Alibaba shares jump 5% after being hit with $2.8 billion fine in anti-mono

SunTrader said:
China extends crackdown on Jack Ma's empire with enforced revamp of Ant Group

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"The overhaul, in the works for several months, includes Ant turning itself into a financial holding firm, a move expected to curb its profitability and valuation by curtailing some of its freewheeling businesses."

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https://www.reuters.com/article/us-...th-enforced-revamp-of-ant-group-idUSKBN2BZ134
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Looks like what our politicians on the right and the left want to do with our own tech companies...
 
SammyJ said:
That about sums up the mkt since last April . All news good
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About like the 1990s song.
Late last night i had a crazy dream; i dreamed i met a man who invented a money machine. OH/OH you make me feel like a million bucks/ i want to drive you around in an armored truck .........[Money in The Bank/John Anderson.]
Tech sector is looking good /uptrendy+ UPRO,2....................
 
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SammyJ said:
That about sums up the mkt since last April . All news good
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That's a rather amateurish take on things. The stock has basically been flat for three years while it's NA peers are up substantially. It's been penalized on the news plenty. Some of you really need to pull up longer term charts and understand the bigger picture.
 
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