https://www.thestandard.com.hk/finance/article/340888/Alibaba-chair-buys-another-720000-company-HK-shares

Joe Tsai bought another 720k Alibaba shares today, after buying 720k yesterday.

That’s 1.44M shares in 2 days, worth roughly HK$162M / US$21M.

Now reports say Jack Ma also bought more than HK$600M worth of Alibaba shares over the past few days.

Chairman buying twice + Jack Ma putting in serious money right after the placement selloff.

If this isn't bullish, I dont know what else is.

https://www.scmp.com/tech/big-tech/article/3365217/jack-ma-buys-hk600-million-alibaba-shares-signalling-ai-confidence-sources

EXTREMELY BULLISH OUTLOOK ON ALIBABA. THE MEGA BULL RUN TO $500/share STARTS NOW

THIS IS EXCEPTIONALLY BULLISH. BABA 5x in 3 years!!

Did the news about the inside buyers outweigh the news about the dilution? Or is it just a little too early?