---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/39075770.md"
description: "$BABA-W(09988.HK) is not yet desperate enough, hasn't hit the bottom. The current decline has nothing to do with fundamentals, it's just sentiment. Don't look at any technical indicators, look at the capital flow. The bottom is when a large number of retail investors are flowing out."
datetime: "2026-03-05T06:10:00.000Z"
locales:
  - [en](https://longbridge.com/en/topics/39075770.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/39075770.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/39075770.md)
author: "[madwel](https://longbridge.com/en/profiles/19256027.md)"
---

# $BABA-W(09988.HK) is not yet desperate enough, has…


### Related Stocks

- [09988.HK](https://longbridge.com/en/quote/09988.HK.md)
- [BABA.US](https://longbridge.com/en/quote/BABA.US.md)
- [89988.HK](https://longbridge.com/en/quote/89988.HK.md)
- [HBBD.SG](https://longbridge.com/en/quote/HBBD.SG.md)

## Comments (2)

- **内蒙老虎 · 2026-03-05T11:16:19.000Z**: That makes sense! Not time to average down yet! Wait for another 10% drop?
  - **madwel** (2026-03-05T11:41:39.000Z): Of course you can add to your position, but it's very hard to buy at the absolute bottom.