$Alibaba (BABA.US)$ Dumped my position. it’s sad I lost over...
$Alibaba (BABA.US)$ Dumped my position. it’s sad I lost over 20000 on this stock. Never will I buy another Chinese stock again. I’ll keep Tencent.
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Not professional nor a legal expert, Swing trader / investor
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SunBird : Sorry about your lost. I’m curious why you didn’t consider keeping it?
Daniel Zn OP SunBird : Because the numbers and projections are down it’s not cheap anymore. And the shorts are attacking it
xmomentx : Actually it has not fallen to all time low of 138 yet .. you can wait actually
nggimseng : Still a Chinese stock
Mikey Sheung Wan : You have done the the right thing, my averaged price for BABA ADR is 259USD and BABA HK at 207HKD.
It is all gone! All Gone!! Jack Ma and his arrogant character has ruined the Company.
How I wish I have the gut like you to cut....these lousy stocks are still sitting in my 90% China centric portfolio...damned. Swear will never buy another Chinese stock again!
Daniel Zn OP Mikey Sheung Wan : If u don’t cut you will lose an arm. Cut and you lose a few fingers and survive. This thing is going to the bin. Id say we take our losses. Just like how bidu ran to 80 dollars in 2020