How do you feel about $BABA?
The mood was very positive before the last results, but we were looking at below $80 towards the end of last week. This was mainly due to bad news from the cloud segment.
I'm curious to see how the price will perform this week... What do you think?
It's still low, so good prices, but I don't like the squabbles with the local government. I don't really see it for China yet...
I firmly believe that with a purchase of around $91, I will sell at a profit someday. I make no promises, the company is quality, but we know China. It's kind of playing with fire, but it may be worth it.
I wouldn't worry about it being a profitable position in the end either. All you have to do is sit it out.
I see the company as strong but unfortunately the middle. I've been invested here twice in the time I've been investing and it's always been pretty nerve wracking. 🤦♂️ In my opinion it could grow as analysts say too. It's diversified nice but just China no. Always some restrictions, bans etc... they have it tough there in my opinion.