Alibaba Group Holding Limited
52 Week High
52 Week Low
7 Days Mentions
The year is 2172. Humanity cured cancer and solved world hunger. We didn't perished as many predicted but thrived with a common goal of space exploration to spread our love and knowledge. Charlie Munger woke up from his cryogenic freezing chamber. As his Great Great grandson un-freezes him as instructed. He has long been waiting for this moment. In fact, he freezes himself just so he could see this day. "Has... has it finally?" Munger asked. The great great grandson nods, pull out an image from his holographic vision goggles, displaying Munger's balance sheet. The balance sheet shows BABA at average cost $172. As of right now, BABA is at $173. Munger burst into tears. As he closes his eyes and rest in peace, knowing that he finally breaks even. (And earned a dollar)
I do think it's interesting that Chinese VIE companies are also getting hammered (BABA, JD) even though China has LOWERED rates and most of their market is not in the US. That being said, my BABA shares at $128 average are not feeling great rn
Day after day BABA, PLTR, CLOV, WISH, SDC, anything Chinese really... Just drilled but I never bought puts. Don't know why. Probably because I see so much fucking spam here I probably thought *someone* is bullish
Disagree with the other poster about INTC. If it's a long hold, it will go places. It's a turn around company, but it's also a massive company in a massively profitable industry. It isn't going anywhere, so downside is very unlikely. It will take a few years for their late investments to pay off, but generally speaking they'll do fine anyway. Good chance of multiple times growth in five years. QCOM is also good. Instead of replacing INTC, replace BABA (and add to DIS, its price is heading down to pre-Disney plus and FOX acquisition prices, which is ridiculous. It's also going to be a 5 year multibagger). China is incredibly volatile and opaque. Politics and control override economics. The ADR price looks like it's at a floor but the company is subject to CCP whim and rife with uncertainty. China's market is about 30% tied to real estate. It has all the indications of crumbling. Keep in mind the 2008 market crash was preceded by a US real estate collapse, which is by comparison only 6% and it pulled down the whole market.
BABA gets demolished for NOOOOO reason .. This company has been sent to hell for numerous things, now that there is no risk of delist: 21% growth FY 2022 to 18% . Price targets cut 28% lol.. A person that has ties to Ant financial buys two plots of land for too much and it is now a big scandal.. BABA drops 10% .. like this is just the biggest FUD ever .. I have to baghold cause some fuckin dicks want BABA to be lowwww in price and I don’t know why 🙄
My average share cost is around $45 and return has been a little over 15% with reinvesting dividends, but I have not really examined it recently. I used to keep track with MSMOney that had great tracking tools but they discontinued it. I now use Quicken that sucks. I also have a hold and forget portfolio that included FB ($19), AMD ($2.50), LLY ($68), BABA ($60) and CC ($6) - that I initially took profits recouping my original investment and really do not pay attention - just letting it ride. I always stress to newbies that you need to have both an upside and downside strategy and slow and steady wins the race.
I did my own DD on BABA and have a long position, so I didn't wanna put this in my original comment. But what drives me nuts is that Munger apparently saw BABA as an investment with a sufficient margin of safety when he entered in the mid 200's. Let that sink in. The point where he enterd is actually roundabout where my calculcation for the IV came in ***without*** a margin of safety. So BABA must have been worth more than $300/share to him back then. Exciting stuff.
Imagine: day 1: MSFT great earnings day 2: JPow stays the course, neither more hawkish nor dovish than expected. TSLA great earnings day 3: AAPL great earnings Next week: GOOG, AMZN, FB, AMD(?), BABA all great earnings
I think that's a fair argument. Selling CCs on your shares and using profits to accumulate more shares is also a great strategy and it sounds like you have a low average. I really do think there are a plenty of high-risk stocks out there that don't get half the stick that BABA does. I think, especially at this price and if you plan on holding for the long-term, that baba is a good high-risk, high-reward play right now. Godspeed to you.
I cut the argument to half so to speak. Based on my portfolio plan I should have about 250 - 300 shares on BABA. I'm holding 125 shares and selling covered call for the holding which in red to be honest with my 123 avg price but not my much and counting cc credit I'm green. But I used covered call credits to buy the additional shares and it the way I'm going to get to 300 shares. Not adding more capital but selling covered calls and buying new shares with credit I received
I have 300k shares of a company $BABA is very close to but that I can't mention here by name due to market cap size--but they're specialists in freight/logistics/supply chain services. Check me out and you'll see who I'm talking about; it's so easy, any tard could do it. I think 2022 will be our turnaround year!
Here's some info from a previous post about $BEST inc: "Smart logistics/freight/ecommerce/supply chain services company backed by BABA; BABA owns 10million shares of $BEST inc, and is partnered with them in essentially every major SE Asian country. Recent $1.1 billion deal for their DOMESTIC express unit of the business; $BEST did not sell their INTERNATIONAL express unit(s)--many people are unaware of this. This deal will virtually wipe out their debts, and leave the company with around 600million in cash. Current revenue in the billions. Estimated to be around $2 billion in 2022. Market cap 300million; P/S ratio is around 0.07 Founder/CEO/Chairman of $BEST inc was the global vice president and Greater China president of Google. $BEST has expanded into basically every SE Asian country--if you're been following the recent developments there, the RCEP, then this should be a very bullish indicator. Many of $BEST's institutional investors continue to hold rather large positions here: Goldman, Vanguard, Blackrock, Alibaba--all hold millions of $BEST's shares. Company is currently unprofitable; but this could change quite soon. Short float is around 20% on Finviz! We could squeeze the shorts! They're being quiet; they're not defending their stock price--could a full buyout be coming? $BEST will have a lot of cash soon: 600million+. What if they do a buyback and then relist some shares on Hong Kong? One of these points I'm especially bullish about is the RCEP: an enormous free trade agreement which is effective in 2022. $BEST has expanded into many of these countries. This region will grow into an enormous economic powerhouse; the percentage of global GDP alone in this region attests to why I'm bullish about $BEST's decision to expand into these regions."