---
title: "$Alibaba(BABA.US)Looks like this shakeout took down a lot of people. I expected it to drop to 107 to"
description: "$Alibaba(BABA.US)Looks like this shakeout took down a lot of people. I expected it to drop to 107 today, but it ended up higher than my prediction. For short-term outlook, I think it might continue to"
type: "topic"
locale: "en"
url: "https://longbridge.com/en/topics/24363730.md"
published_at: "2024-10-08T15:45:08.000Z"
author: "[Alibaba](https://longbridge.com/en/profiles/15190657)"
---

# $Alibaba(BABA.US)Looks like this shakeout took down a lot of people. I expected it to drop to 107 to

$Alibaba(BABA.US)Looks like this shakeout took down a lot of people. I expected it to drop to 107 today, but it ended up higher than my prediction. For short-term outlook, I think it might continue to fluctuate downward in the coming days, and that would be the time to buy. No matter when you buy, the key is to think long-term. For those who focus on short-term plays, I really don’t recommend jumping into Alibaba stocks—it’s exhausting, not only hard to make money but also easy to lose.

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- [09988.HK - BABA-W](https://longbridge.com/en/quote/09988.HK.md)

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.