How do you feel about $BABA-2.4%?
The mood was very positive before the last results, but we were looking at below $80 towards the end of last week. This was mainly due to bad news from the cloud segment.
I'm curious to see how the price will perform this week... What do you think?
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I don't like the stagnant cloud there at all. If they want to do an IPO they should do something about it;)
It's still low, so good prices, but I don't like the squabbles with the local government. I don't really see it for China yet...
I had forgotten about $BABA-2.4% for the last week and haven't followed it much. However, thank you for the reminder and I will definitely keep an eye on the share price.
I firmly believe that with a purchase of around $91, I will sell at a profit someday. I make no promises, the company is quality, but we know China. It's kind of playing with fire, but it may be worth it.
I see the company as strong but unfortunately the middle. I've been invested here twice in the time I've been investing and it's always been pretty nerve wracking. 🤦♂️ In my opinion it could grow as analysts say too. It's diversified nice but just China no. Always some restrictions, bans etc... they have it tough there in my opinion.