Don't touch $BABA. Buy $FXI or $KWEB. I am up 10% on my Technology China ETF. Huge DCA last 6 weeks. Bought too early the first time

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I only gamble on companies named after folk tales. My whole individual stock portfolio is in Robinhood and Alibaba. Positions: 2,000 shares of HOOD 1,001 [arabian nights] shares of BABA 20 x 9/20/2024 20.00 C HOOD

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Dude fell for the Chinese propaganda. He's gaslit himself into thinking baba is the play because it's a good story lmao

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i own shares of baba. been with baba for awhile now the time will come.

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Allow me to clarify: State owned = state controlled. The founder of Baba was forced out by the Chinese government. Honestly I wouldn’t touch it even if it’s trading at 1x.

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Market remained irrational more than I remained solvent. Literally got 12/12 trades wrong to end up -25k on options this year and nothing but bags of -5k in shares of baba,dis,pypl and apple. How the fck does GS pump the moment I buy puts is beyond me

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I’m up 30% with JDCOM and I bought in early feb. Baba only 4%, though. But something is beginning to happen with Chinese stocks

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People have been trying to make BABA work for years now, as you correctly pointed out. It’s the ultimate value trap and always will be because China sucks. Good luck man.

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Baba is shit now. Temu (PDD) is gonna eat up huge chunks of their market share.

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 I loved this answer. BABA might be cheap but it’s still a Chinese company and PDD is eating their lunch right now. Not to mention their high unemployment rate and international corporations moving out of the country. It’s a fucking gamble, which is fine so why are people using fundamentals to justify buying it?

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