$BABA
Is it a buy?
I bought at $150 around 1 year ago and I was excited to see it reach almost $300. However I held on because I thought it would reach even higher. Now with all the news about China and the fear about their government I wish I sold! Either way I'm holding my shares of BABA until it's back in profit.
Good luck. I knew since last year when jack ma pissed off the Chinese leaders it was going way down.
Kept buying all along each time it dipped.. same for zoom ..
Zoom is over. Unless gets acquired by others.
Zoom gets ffed.
Honestly, Tencent looks a better company in China. That said, I'm a BABA bagholder. Alibaba has been doing buybacks in the billions so at least the company believes in the VIE shares recently. If BABA gets delisted, then your brokerage will switch the shares to Hong Kong shares (8 shares). The company itself is doing well in China overall. Mr. Market is known to be bi-polar at times. Could be great. Might not be. Who knows. I personally wouldn't bet against Charlie Munger. Just make sure your serious money is in index funds. Also, note even Apple randomly dropped over 30% back in 2018 while every other stock was doing fine. People tend to be over emotional.
Will the conversion happen even on brokers that don’t have international tickers?
You should be able to sell on those brokerages but may not always be able to buy. Look at Luckin Coffee. The shares can still be traded in OTC market. Tencent for instance is like over a half a billion market cap and is traded in OTCM.
I personally would not long any Chinese company given the deteriorating relationship with the US and other geopolitical tensions. You could lose your investment.
No
Baba is a garbage investment - the biggest loser in my portfolio this year
Sad. so many people from the comments set to loose their money hoping it would bounce back.
Truth is, no one knows the future. Why in 2018 it seemed Apple shares were going to crash and everyone screamed the run was over. Markets are highly irrational. Who knows the future.
Well apple never crashed by 50%. Also the crash you mention happened at the end of 2018 where it affected the entire stock market in general. BABA here fell by more than 50%. Their own government does not trust them apart from the general trust US listed Chinese companies lost among general public. True no-one can predict the future but I’m speaking about retail investors who need to be careful about Chinese stocks. Look for what happened to a company called Luckin coffee which they marketed as the Starbucks of China. Looking at it in another way, China working class is so wealthy and still they list stocks in US markets for capital. It just does not make sense with so many scams from Chinese companies.
I have leap puts for 100 I bought in feb. :)
Amen!
Damn - and this is when it was like 250. What expiration? Must at least be a 10 bagger lol