Baba
Baba what’s everyone doing? Thoughts about the business?
Possible Scenarios: 1. CCP feels threatened from huge conglomerates 2. CCP pushing companies out of their comfort zone to deploy their existing capital and innovate 3. CCP’s display of power, showing who is the boss Doomed if it’s 1, should be fine if it’s 2 and 3 Holding it since it’s dirt cheap right now, no point is selling now
I think they feel threatened but will continue to bully the tech giants into submission if they step out of line. CCP needs the tech giants just as much as the tech giants need CCP. Nationalizing or killing baba would hurt growth, there is no common prosperity without technical advancement.
It will surge 50% after there is clarity that it won't get delisted from NYSE. Currently looks to be about as low as it can get unless it gets delisted. Alibaba is China's darling company. It isn't going anywhere.
no alibaba is a scapegoat for economic woes in china, jack ma has fallen from grace. it's nowhere close to being chinas darling company now
Source? I don’t see any news coming out of China scape goating jack ma and alibaba
Sell and tax loss harvest that shit
Sold my measly $550 worth recently. I’d bought a handful of shares 5 years ago so I still had a 35% gain, but I just didn’t want to deal with the uncertainty of the ccp at this point. I’m sure the company will be fine in the long term but I wouldn’t be surprised if foreign investors get screwed somehow before the ccp settles on their new operating model for these companies.
Holding.
CCP will screw it to zero.
CCP fucked up everyone. You still have faith that Chinese stocks are good place to make money?
How? Baba’s business continues to grow and do well. Continue to take market share in cloud from competitors. If price stays this low could theoretically buy back 30% of outstanding shares over the next 12 months. Baba is a cash flow machine.
First, are you Chinese? Second, no matter how the business is, if CCP wants to control the Tech companies no amount of growth can help shareholders.
HODL