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Alibaba Fell Over 1% in Premarket Trading, though Charlie Munger Doubles down on it in Q4

Tiger Newspress2022-01-05

Alibaba fell over 1% in premarket trading, though Charlie Mungerdoubles down on it in Q4.Daily Journal Corp, the publishing and technology company in which Warren Buffett's longtime business partner Charlie Munger is chairman, said it has nearly doubled its stake in Chinese e-commerce giant Alibaba Group Holding.

The U.S. company raised its holding by 99.3% to 602,060 sponsored American Depository Shares as of Dec. 31, Daily Journal said in a regulatory filing on Tuesday, making the stake worth about $72 million as of Jan. 4.

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Comment30

  • koolgal
    ·2022-01-06
    Maybe Charlie Munger knows something that we don't.  Obviously he is convinced that Alibaba is going to go up long term.  Go Baba! 🚀🚀🚀🌙🌙🌙
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  • SamYYL
    ·2022-01-05
    Like 
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  • 来人
    ·2022-01-05
    Buy the dip? 🤔
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  • Geniethelamp
    ·2022-01-05
    Long wait 
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  • CCCH
    ·2022-01-05
    I will top up at $100
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  • ZeRoCoOl
    ·2022-01-05
    Can consider 
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  • Bull1973
    ·2022-01-05
    Ok
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  • tkj
    ·2022-01-05
    Charlie is practising what Warren has highlighted. When people are panicking and heading out of the door, it is time to go in....perhaps time to go in.
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  • Winner168
    ·2022-01-05
    Nice. Can consider[Happy] 
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  • CS2
    ·2022-01-05
    Ok
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  • Txfen80
    ·2022-01-05
    I will leave BABA aside (alone) until there’s clarity on politics 
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  • bingsiong
    ·2022-01-05
    Don't like
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  • wywy
    ·2022-01-05
    They tell you charlie double down... but never tell you warren thriple down the other direction[LOL] [LOL] 
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  • Nix520
    ·2022-01-05
    🙄
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  • JENerousity
    ·2022-01-05
    Pls moon, i need to feed family
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  • Linda1127
    ·2022-01-05
    Go up...BABA....now is time to shoot up
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  • Kazren
    ·2022-01-05
    Ok
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  • Aeron2020
    ·2022-01-05
    Ok
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  • 4XKEYQ
    ·2022-01-05
    Wow
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  • zingerbells
    ·2022-01-05
    Like pls
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