So frustrating BABA smashed again estimates and Flop ! no breakthrough yet while Amazon and Apple still fly away with the FOMO money
WOW another solid quarter for one of my favourite Chinese stock and tech stock but somehow investors don't push it higher because of US China Tension .
Anyway this probably make it the cheapest teck stock around so I am adding before everyone realises it is too late
good luck, and when the tension resolves, maybe it picks up - though at $258, it's not really cheap :)
PhilippeDelpCFA
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@RedKTrader, Compared to Amzon or JD or Shop it is damned cheap and the tensions are the primary factor anyway it is a long term core holding for me like amazon , apple , FB and few others so no big deal LOL IF YOU READ MY HISTORY I I picked a lot BABA around the 170-180 . Same for Baidu at 90-100 so I am relax but sometimes frustrated. compared to the others I have that are shooting the light off . too greedy maybe
RedKTrader
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@PhilippeDelpCFA, no - don't think you're greedy buddy - you're totally fine. i guess it's good to have a mix of safe & slow movers and some that are fast and risky in your portfolio -- on the slow movers, you can improve your return by averaging when possible, and maybe sell covered call against them (if applicable) -- all the best of luck !
honestly, the recent fast moves in stocks like AAPL, TSLA, AMD and some of the other tech names makes me worried - this is not sustainable - so need to be careful about when to take profit and get out.
miguelsique
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@PhilippeDelpCFA, JD isnt cheap though? but i do agree BABA has so much to offer and way undervalued.
KevinMar00
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agree with miguel, BABA significantly undervalued when looking at its fair value price