---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/40709273.md"
description: "After the war, with Happy Horse reaching a high of 140+, there were days with gains of over 5%. The subsequent pullback pressure until now can only prove that the long side is resilient, but the previous few earnings reports were really ugly. However, the corresponding expectations aren't high either.As long as the cloud business can maintain high growth, other aspects being a bit ugly is acceptable. As long as management doesn't talk nonsense about increasing investment, the downside risk should be limited. After oscillating back and forth for so long, hot money is long gone.Conversely, if the cloud business is poor, then it's definitely game over.The reason Hang Seng Tech has been so weak lately is because the leaders like Alibaba haven't proven themselves with earnings. Relying on empty promises alone can't reverse the trend.Overall bullish, options are already bought. Fortune is in the hands of heaven."
datetime: "2026-05-13T05:41:25.000Z"
locales:
  - [en](https://longbridge.com/en/topics/40709273.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/40709273.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/40709273.md)
author: "[nomad69](https://longbridge.com/en/profiles/9947687.md)"
---

# After the war, with Happy Horse reaching a high of…


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## Comments (1)

- **nomad69 · 2026-05-13T07:19:25.000Z**: This afternoon's sentiment has already exploded; all that's missing is for Alibaba to give the market a reason to forgive it.