Stock seems pretty bulletproof given how the company is expanding like crazy in China and has Amazon to follow and learn from. Do you see any downside with buying and holding this stock for at least 7-10 years? #stock #alibaba #investment
Has gone up so much as of late, I’d wait for fluctuations to the downside
Yes, it has already overtaken amazon both in profits and revenue and hence is the largest ecommerce company.
Id wait fir coronavirus panic to die down before buying any chinese stocks
Anyone still holding BABA? Or have bought the dip?
A lot of China’s economy depends on the country’s access to U.S. market. Trump’s trade war is hurting U.S. economy, but it’s hurting China more. My portfolio includes BABA, and it has been fluctuating like crazy. The price has actually gone down since the beginning of the year. I wouldn’t buy it as a standalone until the trade deal is finalized.