What Did You Buy Today?

[fenders53]

(01-04-2021, 10:51 AM)Otter Wrote:

(01-04-2021, 10:47 AM)fenders53 Wrote:

(01-04-2021, 10:39 AM)Otter Wrote: Also, returning to the theme of BABA, looks like Jack Ma has either been disappeared or sent for reeducation. China, like other dictatorships, is not investible.

If the CEO of a Fortune Global 500 company can just be disappeared, imagine how low on the priorities list protecting shareholder value is...

I was sad when I dumped my accidental purchase or 220 shares Christmas eve for a quick $440 and the stock ran 10+ higher next trading day.  I still own 6 shares of BABA in my growthy port and it's down $25.  I think I'll sit quietly and hold for the moment.  Not a chance I am holding a large position in a China stock longer than a couple hours.   Still a good spec. Best chance for real large cap growth on the planet this year.

Should have referred to Ma as "retired," but I stand by my post.

The performance of BABA this year depends entirely upon the whims of Xi, which I don't have any special insight into. If he decides that destroying BABA (parting it out to competitors with CEOs who are sufficiently loyal, or just salting the earth and destroying it entirely) is the move that most enhances his power, and makes it less likely that any other upstart will dare challenge him, it's not like there is anything to stop him. There are no checks and balances, and no separation of state from market there.

It's exactly why BABA and the few similar US stocks trade at a different valuations, and never will.  I am confident they won't do away with BABA, but there may be many cards to be played soon by the gov.  I am comfortable with my small position over time, but I would need a big dip to get to make it a real position. Gotta get paid properly for the risk, as always.