$Alibaba(09988)$
If there is no fundamental change in the business, there is no reason to exit the business unless you need to raise cash to redeploy them into another equally great business that you like.
I believe many had given up on chinese stocks not because of fundamental but rather due to political concerns influencing their bottomline. This reason sounds valid however if I'm looking from CCP point of view, why would the government kill off their golden goose? Does killing their number 1 e-commerce cum cloud computing cum fintech comgomolate in their country make any logical sense? Don't forget, the locals are still using their products daily. Even I staying in Singapore is a frequent customer, that says a lot 😉. After all these headwinds, this company is still growing albeit at a slower pace. Once the censure are lifted, it can only be the highway.
From the chart, we are closer to the bottom than the top. That sums up my thoughts on Alibaba.
As always, your reason for buying or selling a stock should not be influenced by other people's opinion.
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good point but i will maintain only small position
[得意]