Alibaba and Weibo stocks

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gegA05

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BIO
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gegA05more
Jul 30, 2018 6 Comments

Both stocks seem to have come down quite a bit from their 52 week high‘s. I remember tracking Alibaba stock when it first went IPO and I’m kicking myself for not buying when it dipped down to about $80 per share. I told myself that the Chinese were holding way too much US debt and it would crash the Chinese economy and I held off on buying. Now they are almost at $185 per share. I searched through previous threads and some guy with the username Uhh from Microsoft recommended staying away from Chinese stocks back in June 2017 because he believed that the Chinese economy would crash. What do people think about buying Alibaba stock and Weibo stock at this time?

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TOP 6 Comments
  • Epic eCBy67
    Just buy BABA. In Papa Ma we trust.
    Jul 30, 2018 1
  • Facebook / Eng Leo Messi
    Recent fall has much to do with weakening of the RMB. If rmb do not recover it would be hard for baba to go back
    Jul 30, 2018 2
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      gegA05

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      gegA05more
      OP
      What incentive does china have to boost it’s RMB currency? Won’t they continue to weaken it to hurt the US in this ongoing trade war?
      Jul 30, 2018
    • Facebook / Eng Leo Messi
      No. The recent weakening is from us interest raise and dollars flowing out of China
      Jul 30, 2018
  • Uber / Eng
    meowimacat

    Uber Eng

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    Im a cat 🐈! Meowww...
    meowimacatmore
    Damn I bought at the 200's... 😿 should I sell?
    Jul 30, 2018 0