$Alibaba (BABA.US)$$Meta Platforms (META.US)$ imagine you so...
$Alibaba(BABA.US$ $Meta Platforms(META.US$ imagine you sold or short meta at 100 or 90, now you are missing out on potentially 5x gains in a span of less than 2 years. That's why I wanna tell my baba community here never short a stock like baba with strong fundamentals, it has every reason to go up from here in a longer timeframe.
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102125877 : Yes agreed like Warren Buffet said before good stock meant to keep for long.
DonkeyGeniusOP 102125877: Indeed, no need to worry on short term volatility. We can't control the shorter term outcomes, but certainly, in the long term prices moves according to how well a business performs fundamentally. Ask yourself, is baba still one of the largest tech companies in China? Is people still shopping on taobao? Is people using Alibaba services such as alipay? If the answers are yes, hurray, time to buy more. They are still a big player
102125877 DonkeyGeniusOP: Exactly.
Firstman : But Baba is a Chinese company, Meta is a US company…. as long as the tension between US and China stays there …. When would you expect the price of Baba will recover
MonkeyGee : FB didn't drop for 3 years and didn't wait forever to recover. Baba is not a company issue. I just checked the Hang Seng TecH index this morning. It is 72% from the high. This is more than a recession, that is an 08 collapse in slow motion. Honestly, if the government is not doing anything to stop the bleeding, there is no recovery from it. Expectally, when they announced Evergreen bankruptcy today. This will create a tide wave of collapse to come. There could be another 30% drop.
DonkeyGeniusOP MonkeyGee: The chinese government announce stimulus and are actively getting banks and funds to purchase Chinese equities. They also restrict short sellers among institutional investors. These are reasons why baba is bound for a rally soon
DonkeyGeniusOP : Even more recently, the likes of Jack ma and Joseph tsai folk up 200M of their money to purchases more baba shares
DonkeyGeniusOP Firstman: Very soon. At least within this 1-2 years it should double very minimally
102125877 DonkeyGeniusOP: But I doubt BABA will rebound to the same level as before around 250 before Jack Ma make mistakes and challenge their financial policy.
MonkeyGee DonkeyGeniusOP: well that's the problem. They don't have a Blackrock that will buy the x out of the market. who knows where the money is going
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