A fine was announced against ANT group today of which Alibaba owns 33% and as a result Alibaba stock went up 8% in a powerhouse day without any sellers smashing through the 100 and 200 day moving averages on 400% volume is this a sign of great things to come? Michael Burry and Charlie Munger both own shares of Alibaba group which they purchased over the last couple of years perhaps they were simply early to this trade?
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