Expected and explained. No surprises, all 249 Chinese ADRs will be on that list. Empty bottles, PCAOB. Show some resolves instead of flogging a dead horse.
Hey, this sounds familiar. Yes, China just didthat a year ago. China's action then was condemned by the West and Media as being oppressive? Strange double standards.
$Alibaba(BABA)$I am not Master Leong, yellow snake. It is degrading for me to reply in your post and help you gather more attention. I am not that shallow.
$Alibaba(BABA)$BABA's share price DOWN? Congratulations.Perplexed? For long term and value investors, this short term phenomenon should be celebrated. Why? Let me explain.BABA just announced upsized $25B (Extra large coke and fries) share buybacks. Assume BABA has only 3 shareholders. The price to buyout a shareholder is $50. BABA use her profit of $100 to buy out 2 shareholders. If the price reduce to $30 per buyout, BABA buys out all 3 and even have $10 left.Thus, for this period, the cheaper BABA share is, the more the $25 Billion can buy back. This will make long term holders much richer. Remember Ben's greatest words. Short Term voting machine Vs Long Term weighing machine. For the traders and punters, I wish you good