What Did You Buy Today?

[fenders53]

(11-10-2020, 05:12 PM)stockguru Wrote:

(11-10-2020, 05:09 PM)fenders53 Wrote:

(11-10-2020, 04:02 PM)vbin Wrote: What's up with BABA today? Looks like time to buy.

China is making some fundamental changes to how business is run.  Getting so financially powerful the GOV can't control them adequately.  Similar to the US inability to control big tech.  I don't need to explain how big of a deal that is to the CCP as they micro manage their currency even more than we do.  They just cancelled a $34B IPO BABA was heavily invested.  I started a BABA position today.   I do believe it is cheap now, but some of the pullback was for a reason.  The story changed some, at least in the near-term.  IMO BABA is a better play for the next 10 years than AMZN.  BABA BIZ model is very similar right down to the major cloud presenAf

Agreed BABA is like getting in on the ground floor like AMZN was 10 years ago. 


Jack MA is the reason why the IPO was delayed. But I'm glad it was. It gave me a buying opportunity

CCP is involved as well.  It will come out (the IPO) in a lighter version.  CCP was making noise again today that changes in general are coming.  Not just targeting BABA today.  Might even be some more deals but I don't want a ton of Chinese holdings.  IMO it's buy the biggest or buy an ETF.  Not a chance in hell I am small cap shopping there lol.  Even BABA is accused of loose accounting since forever.