What Did You Buy Today?

[fenders53]

(11-10-2020, 06:27 PM)vbin Wrote:

(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

It wasnt delayed only becouse of Jack Ma. Big corps have tendencies to maximize profits even at the cost of predatory practices. It looks like ANT is involved in practices where it encourages it's user to buy and pay later and it's been a trend in chinese young folks lately to get too much debt to buy things they don't necessarily need even though they don't have money to buy it.  CCP is worried about it and wants to put check and balances arround it. ( One of the reasons that I have heard).

That is pretty much my understanding.  CCP wants some control over their potential debt bubble.  Good because that would bite US businesses too.  Bottomline is it's about monopolistic mega cap finance.  BABA will be ok.  When the company you own stock in is in under the GOV microscope, you probably found a good stock.  Big oil 100 years ago, MSFT/INTC 25 years ago, and FAANG today.