$Alibaba (BABA.US)$ This is a buy signal. Always has been, ...
$Alibaba(BABA.US$ This is a buy signal.
Always has been, always will be when institutions flee a business based on fear/headlines/macro factors but the company fundamentals/valuation are positive.
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William Paul : Yeah, just like 165 was a great place to buy.
TrinityM : Fundamental aren‘t positive. They are losing money and market share to competitors like JD and PDD. It's expensive
fly up high William Paul: It was, and I did. I bought at 188, 165, and just doubled my position 5 minutes ago at 136.
Indicator analyst fly up high: I don't have the same confidence as you do with regards to BABA or any Chinese stock that is subject to the whims of the CCP. My intent wasn't to poke fun at you, I wish you well on this investment.
Drdrdoky : You’re thinking of businesses in the S&P of American or European companies. Located in countries that have a precedent legal system like ours. In situations where you actually own a piece of the company. I have been a BABA believer since the IPO. I still believe in the company, but the way this Chinese regime is operating isn’t like previous regimes. They could come out tomorrow and say BABAs listing is illegal and enforce it. It is illegal according to Chinese law they just haven’t done anything about it to this point. BABA doesn’t control it’s own destiny.
UANM5SC6Ea Drdrdoky: Warren Buffett: “fearful when others are greedy, and greedy when others are fearful.”
z45pL0OXH0 UANM5SC6Ea: I have owned BABA from right after the IPO I bought more in March of last year. I sold in most in July of this year and some in the $270. I bought back in at $205-220 after it pulled back. Sold most of that at $190-195. Sold the last piece of that in the $170s. Bought back in last time it was around $140 sold most of that in the $160s. I’m looking for another entry point.
7KMNtrPYB1 Drdrdoky: Time will tell. 6 months time, BABA back to 200 USD.
LTDrYYZbAO : So does $220. 5 SA buy articles in one day.