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Enthusiast
9/8 Thread (General):
Enthusiast
8/12 Thread (General):
Coach
Enthusiast
Thoughts on GILD for a medium term hold?
Thoughts on SQ considering the CEO cashed in?
Put option on Amyris?
IDN up 15% today, was a great call out
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May as well hold until earnings next week. Likely a big holiday season for them could get the price to 135-140. Or they could be pulled from the US market altogether and then who knows what will happen with your investment
Baba is the rare exception in Chinese stocks. The power they have as the biggest company in what will soon become the largest economy. They will be bigger than Amazon one day since the population they are attracting as a customer base will be way larger. Hold tight it’s going to be a huge one day.
Mentor
Only if the government decides to let them. Evergrand was the largest Reak Estate developer in the largest RE market in the world. Then the government decided they didn't like their debt structure and they are just about gone in 12 months.
You can't apply US rules countries with undeveloped legal structure. Even South Korea is treated as an emerging market due to their legal structures.
Coach
You didn’t actually own baba anyway. You owned shares in a shell company that has claims to its profits that of course can be revoked at any time. So you really just owned baba-coin.
Coach
Maybe in 10 years it will be back up there.
Or nationalized by CCP and disappear 🙃
Not in the real of impossibility considering what happened to their sub Ant group.
i cut mine loose at a pretty decent loss a long time ago. china just doesn’t care about making money. they don’t care about their companies being successful internationally. just stay away from china.
lol r u guys serious? they kneecap entire industries on a whim. look at what they did to their entire tech ed sector. none of us have any sophisticated insight into that. why bother with china when u can get better opportunities domestically?
Mentor
Professional traders and invrmrstors use stop losses on significant trades. Sounds like you didn't have an exit plan.
I got PLTR too bruh
Coach
The superglue on those iPads must have worn off.
Mentor
Get out.
HODL
Subject Expert
Right now you’re messed up about $5500 worth. Up to you if you want to get more messed up or get on with your life.
Be greedy when others are fearful.
I had 10% of my portfolio in BABA just a few months ago. Average cost is $210. I sold most a few weeks ago… sometimes you just gotta take a loss.
All of this negativity means BUY. I’m going to buy more and make all the $ back that I lost by buying the dip at $250. I’m joking, not going to ever invest in F’ing China again…but honestly it’s a great opportunity.
This.
Just get out, in the long run that’s such a small amount money. Not only are you losing more and more each day of that value but you are missing out in having the capital remaining in something much better.
I bought the dip at $250. A lot of shares.
Sell covered calls on the weekly.
I sell puts on very red days and capitalize on IV too. Baba is a favorite e
Enthusiast
I’m holding some shares at a loss as well. Going to be a while before we see BABA make a come back.
I pulled out of Chinese stocks a while ago and personally suggest to do so
Get out immediately. I was in the same boat. Sold all Baba beginning of the year. You can show Capital loss on your taxes next year and reduce your taxable income!
Coach
I guess the mainstream is talking about baba. I was wondering why I’m hearing about it more than usual today.
Mentor
If you sell, make sure you put the money back in another investment that you have more conviction on. Unless you think holding Cash is better for now. If it does recover some you’ll be kicking yourself that you didn’t partake in the upswing.
Something tells me it will just go into government hands
In Charlie Munger we trust
Coach
Unless it’s a reciprocity and endorsing investment to guarantee market access to their existing more material holdings.