$Alibaba(BABA)$ came and went brother, it’s been under its IPO price for well over a year.
Topped at $300 and for a company that large to have such a crappy overall return compared to its peers is crazy.
Just go buy American tech and not Chinese dog stocks that all pop and dropped.
$Alibaba(BABA)$ $JD.com(JD)$ $NIO Inc.(NIO)$ all are in the dumpster meanwhile American tech returned at least 50% or more this year.
The trend is your friend. Garbage is garbage.
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- TigerVision888·01-08There is nothing wrong with the company. It is the Chinese Gov's policy that is hindering progress. The Gov is still in the mood to clamp down on tech hegemony, which makes it hard to invest for the time being. Until the Gov starts to be sincere and lets room for these companies to breathe, then Chinese stocks remain volatile to probably end of the year. 2025 might get better, maybe? I don't know. So it is safer to buy US undervalued stocks, at least I know I won't lose money.LikeReport
- Cayonex·01-03Trader tend to emotional when price drop. Long term bagholder remain calm. Suggest to sell all stock right now n buy U.S peak priceLikeReport