I bought BABA back when it was around the 200s and I'm bleeding on it now, down 8.22% on BZUN and down 11.27% on BABA, I'm thinking of selling all of my shares in these two, I should have enough to buy one share of Amazon. Thoughts? Does it make sense to hold on to Chinese stocks?
So you are worried about a loss you are going to get on 1900$ investment?
I want to sell these in like a couple years
I did buy BABA at higher price.. I didnt want to keep montoring individual chinese stocks and worry about their crash .So, I sold off BABA and invested in VWO ETF , just to diversify my investments. It might not be much profitable compared to individual stock but will have consistent growth and gives peace of mind.
Baba is a powerhouse. And so is tencent. I wouldn't be surprised if either of them surpassed Facebook and Google at some point. The others are much riskier
BABA profits off counterfeit products. I’d be very wary of their business model if I were you.
BABA is more important to the Chinese government than the entire banking sector was to the US gov. If BABA has any issues, imagine that bailout...
Not just counterfeit but fake products. Such as fake SSDs that report more storage space than they really have. The company is even named after the mythical thief Ali Baba.
Hold, baba will reverse very soon, it on a bottom of its channel trend. I shorted at 192, will get it on Monday at market price
Really dude, don’t be stupid. Unless you need the cash now don’t sell. Come back to those stocks after you forget about them for a few years
Baba will beat earnings. Their growth rate is 60% and they revised guidance in last report. So just hold on till 23rd and then exit by 28th or 30th if you want to cover your loss. Trade was is more of talks right now but it can change. So have lesser exposure to Chinese stocks for now.
Wow exactly 61%!(earnings out)
China’s economy is doomed with so much debt from state funded projects and trade war.
I bought baba at 180. If I were you I will hold. All the companies have good fundametals. Stocks are bought for long term - 5 yrs.