$Alibaba (BABA.US)$ just cannot catch a break! Come on, this belongs in the $250-300 range!
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Sometimes patience pays. If you have high conviction in a stock, and have done due diligence, you should not lose faith when it is going sideways. I lost huge opportunities selling too early on Tesla and Apple. Of course, everyone’s profit timeframe or trading style is different, and frequent trades may be fine for others.
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All the giants are being cut down by regulatory control but $NIO Inc (NIO.US)$ is partially owned by the CCP, so it is probably one of the safer bets in the shorter term. Lots of upside in the long run as it becomes top selling EV maker in China (after Tesla ![]()
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