$BABA TOP 20
Added 2024-11-22 12:21:06 +0000 UTCYes it's shown weakness
Yes it's below the 0.618 Fib
Yes it is still undervalued
Yes it is still in an impulse wave
Yes its testing your patience
Yes we have been here before
Yes I believe in $BABA as a long term hold
Yes I am holding
And yes I want to see a hold on the 200 Day MA
Nobody needs to hold positions they are not comfortable with, people want to follow my buys but don't want to hold with me....they want to buy and immediately be rewarded, this is therefore a lesson for you, unfortunately that is not how the market works, the market will test you, ever week of every month of every year.
If $BABA has been too much for you, stay away from positions that you now know you are not comfortable with to hold for long term.
I can hold $BABA for 3-5 years for it to get to $140 and be very happy with this return.
Comments
I also believe it is a good idea to buy Mega caps in China. The sentiment is excellent, and now is a good opportunity to gradually buy at favorable prices. While I’m already invested in Alibaba, I will try to increase my position if the prices drop further. Holding it for the rest of this decade wouldn’t be a problem for me. But I can even imagine a significant push forward by 2025, as sentiment can shift quickly… You will surely listen to the memos and comments of Howard Marks as well, who also believes that Chinese stocks are currently undervalued and a bargain opportunity.
Paperish
2024-11-22 19:12:26 +0000 UTChttps://www.reuters.com/markets/texas-governor-orders-state-agencies-divest-china-assets-2024-11-22/
niorthey
2024-11-22 18:12:01 +0000 UTCIf I recall correctly, the 13F of Michael Burry was showing that, by the end of Q3, he had edged most of his positions in BABA, BIDU and JD
niorthey
2024-11-22 14:34:21 +0000 UTCYes! 😀
Dipen Patel
2024-11-22 14:27:46 +0000 UTCIt'll be interesting to see what the super investors did during the Oct pump. I wouldn't be surprised to see them having sold a lot - Bury would have been up 75% on JD. But if he did, and he added back even more at the bottom/now, would we even know?! Wish I sold more at the top and bought less on the way down, but either way, am looking to add at some point. I learnt from your position sizing Cap, which has saved me from adding too much higher up, so grateful for that!
Nick E
2024-11-22 13:45:06 +0000 UTCWe were adding before the superinvestors, we are ahead of them….the facts remain, positions and the market are undervalued and China has already started its stimulus program. If you are not comfortable, then nobody is asking you to hold, I have no issue holding undervalued positions
Gareth Neary
2024-11-22 13:25:42 +0000 UTCFirst, i am holding and adding more. Second, the filings for the superinvestors are always delayed. Third, so what if china was at its peak during the 1st trump administration, it doesnt mean that it will simply rinse and repeat this time round?
Lz
2024-11-22 13:20:20 +0000 UTCYes we are all suffering. 😂 Me too I am slowly adding!
Federico Salerno
2024-11-22 13:05:43 +0000 UTCMany may be forgetting that China has started a very aggressive stimulus program and superinvestors are piling in....they have done the due diligence for us
Gareth Neary
2024-11-22 12:26:07 +0000 UTCBut yeah I have 0 doubts on the future will add more once 200dma holds
Bercan
2024-11-22 12:25:56 +0000 UTCBaba support group pls haha
Bercan
2024-11-22 12:25:39 +0000 UTCcorrect
Gareth Neary
2024-11-22 12:25:26 +0000 UTCAmazing commentary🙏🏻
Vojtěch Šimeček
2024-11-22 12:24:44 +0000 UTCI will add more shares and some leap calls. Wasn't China at its peak during the Trump administration?
jp
2024-11-22 12:23:02 +0000 UTC
