Jun. 23 at 3:50 AM
HS tech -33% since highs late last year. Yes, you read that right - 1/3rd value evaporated - after so called AI boom, Trump meeting, tariff truce, war pause, etc. And no, there was no global recession or anything - Nasdaq up 20% in that period. Funny thing is CN apologists don’t just take a long CN position, they also short CN - cz CN has nice high speed trains, blah blah blah. So, folks are sitting on close to 50% losses, and that if they are not leveraged! Baba likely hits double digits in US session - after all it is a bubble tea delivery company masquerading as an AI company
$BABA $BIDU $KWEB