BABA bagholders do you still have hope?
$Alibaba(BABA.US$My average cost of BABA shares is around $177. Its around 13% of the portfolio and currently at a price of 133 down around 25%.
I believe in BABA eventually coming back to 300+ BUT i don't think its going to come back fast enough to justify being capital locked for the number of years i would potentially have to wait to make the investment worthwhile. If i sold now i would have to take around 15k loss- it hurts but i hate looking at the position... especially on something i don't believe in anymore. Anyone else in a similar situation?
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Btan : Don’t waste time with 177. Too high unless you average down to 150 or so
hgar : only if you're willing to hold for 2 years
Dtxxxx : Sell if u found better alternatives elsewhere, but I suppose there isn't any at this moment given many shares are overvalued. So why not hold and wait?
hgar Dtxxxx: agreed. baba has good value and future potential. most US tech stocks have 2x, 3x 4x+ the p/e with less cash reserves and less growth
baba will be back to $ 180 in 2 years i think
BertramieOP Btan: But what can I do?
BertramieOP hgar: Long way to go^^
BertramieOP Dtxxxx: That's my views too
Btan BertramieOP: Average down if you have capital. And when Baba rIses, you will recoup losses and make profits
70126348 hgar: Hehe, I can't go back for 200 years
BlisteredSister : I don't have any but whoa buddy just watch.. they're getting loads of funding
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