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1
clambo
2021 Jul 12, 7:31pm
I bought a few shares a couple of years ago and I haven’t much capital gain yet.
My international mutual fund owns it, it’s a popular stock.
I’m going to keep it.
Addendum: I will keep it until I make a little bit of profit, then I will probably “domp eet”.
My international mutual fund owns it, it’s a popular stock.
I’m going to keep it.
Addendum: I will keep it until I make a little bit of profit, then I will probably “domp eet”.
2
Bitcoin
2021 Jul 12, 8:15pm
Bitcoin
2021 Jul 12, 8:15pm
Looks to me like a good deal if you can handle the "China risk". I am long BABA (and Chinese e-commerce in general) and right now with all the FUD, the stock price is beaten down. Added more to my portfolio.
All depends on your risk profile. The upside potential is obviously tremendous but what are the risks?
Fishy accounting practices in China and a potential delisting on US exchanges? >>>>> Naa, BABA has been around since 1999 and is being audited by PwC.
Shrinking growth rates due to competition. >>>>>> yeah, but they also got the cloud business, 1B users and are a massive global player.
Regulatory issues, fines etc. >>>>>> Betting they will work it out
Lots of fear usually means buying opportunity.......be greedy when others are fearful......
And finally, who are some of Baba stock holders? >>>>> BlackRock, T Rowe, Vanguard mutual funds, Charlie Munger, etc.
All depends on your risk profile. The upside potential is obviously tremendous but what are the risks?
Fishy accounting practices in China and a potential delisting on US exchanges? >>>>> Naa, BABA has been around since 1999 and is being audited by PwC.
Shrinking growth rates due to competition. >>>>>> yeah, but they also got the cloud business, 1B users and are a massive global player.
Regulatory issues, fines etc. >>>>>> Betting they will work it out
Lots of fear usually means buying opportunity.......be greedy when others are fearful......
And finally, who are some of Baba stock holders? >>>>> BlackRock, T Rowe, Vanguard mutual funds, Charlie Munger, etc.
3
Patrick
2021 Jul 12, 10:11pm
Patrick
2021 Jul 12, 10:11pm
To be honest, BABA looks pretty good to me based on my main metrics of p/e and revenue growth, though it's already huge in terms of market cap.
But right, that "China risk" means I probably won't buy any.
Jack Ma disappeared for like a month and then, when he reappeared, wasn't he suddenly much more pro-CCP? That kind of thing worries me about investing in China.
I used to compete to read the Wall Street Journal in the library with an old Chinese guy. So we talked about investing and I told him I had shares in PetroChina. He said that was very risky because the CCP can will simply expropriate capital once again when it is convenient for them. I sold PetroChina at a good profit and haven't owned a Chinese stock since.
But right, that "China risk" means I probably won't buy any.
Jack Ma disappeared for like a month and then, when he reappeared, wasn't he suddenly much more pro-CCP? That kind of thing worries me about investing in China.
I used to compete to read the Wall Street Journal in the library with an old Chinese guy. So we talked about investing and I told him I had shares in PetroChina. He said that was very risky because the CCP can will simply expropriate capital once again when it is convenient for them. I sold PetroChina at a good profit and haven't owned a Chinese stock since.
$206 ,pe 25