Guys, what about you and $BABA+0.3%? Are you holding, are you shopping at these prices? We haven't talked about it here on Bulios in a while. Yes, it's China, which even for me is a pretty big hurdle, for some it's enough of a risk that they avoid that market altogether. Valuation-wise it might not be a bad buy though, what are your views?
Alibaba
BABAOpen $72.37
Day range $71.80 - $72.55
52 week range $66.63 - $102.50
Well I'm curious about the piecemeal subscription, it doesn't make much sense to me why it would open up any value for shareholders. If the government is uncomfortable with the market position it has, it probably allowed them to do it in the hope of diluting their influence. The US will also throw sticks under their feet in the form of tariffs or restrictions on access to the latest chips. I have a position there, and not a small one, so I'm waiting to see if they go back to their previous growth and original valuation. Anyway, China is a very complex market and a great school.
I don't own one, but I've been watching from the sidelines
I bought it for something like $82. I want to get up to at least $120 quickly, then I'll see how it looks. Next, I have a lot of $KWEB+0.3% where BABA is heavily represented.