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Technology Stocks : Alibaba Group Holding Limited

BABA 179.98

+1.8%

Oct 29 3:59 PM EDT

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To: Glenn Petersen who wrote (821)	7/29/2022 3:34:22 PM
From: Sun Tzu	Read Replies (1) of 882

I think there are broader issues involved too. China is having bank run problems. Not systematic yet, but in smaller regions they brought in tanks to protect banks from the people. Jack Ma distanced himself from the Ant Group yesterday. That may be intertwined with the financial mess that is snowballing. SEC put BABA on the list after Biden and Xi spoke on the phone. This too may be a signal that the ice is not thawing. I heard that some Chinese newspaper said that if USAF jets escort Pelosi to Taiwan, it is a military violation of the Chinese airspace and they will be shot down. Overall, too many moving pieces. I see some YANG in the future of my portfolio...if it would just stop for me to catch up with it ;)

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