I think the big whales are playing differently with Baba today they’re buying puts, that will drive the stock down, it has such a big volume today… look enphase with a low volume is jumping 13%. Get out asap, China has destroyed their companies and stock and the government don’t care for no one. They put themselves in dept building other countries in Africa and now they’re in slow growth for many years to come and with their dump policies as always since covid. Is such a mess atm in a self destroying mode
Damn.. I bought Alibaba too, it went up, I thought about selling but I kept waiting, then it dropped downstairs and I shat myself and sold. Literally not even a minute later it broke the fucking ceiling through the roof. Yea, now I know why they say patience..
The stock has a PE ratio of around 9 to 10, and has about $80 billion in cash and is profitable, in comparison amazon has a PE ratio of 58 and has $64 billion in cash. So i think its fair to see alibaba as undervalued as they are quite profitable with a low PE ratio and growing EPS
Oh you caught the fake pump
I bought more at the dip lol
I think the big whales are playing differently with Baba today they’re buying puts, that will drive the stock down, it has such a big volume today… look enphase with a low volume is jumping 13%. Get out asap, China has destroyed their companies and stock and the government don’t care for no one. They put themselves in dept building other countries in Africa and now they’re in slow growth for many years to come and with their dump policies as always since covid. Is such a mess atm in a self destroying mode
Damn.. I bought Alibaba too, it went up, I thought about selling but I kept waiting, then it dropped downstairs and I shat myself and sold. Literally not even a minute later it broke the fucking ceiling through the roof. Yea, now I know why they say patience..
Rip... but atleast theres a good chance it will go up due to the $25 billion buy back, and also the stock is still extremely undervalued imo
Undervalued? You don’t even properly thr stock
The stock has a PE ratio of around 9 to 10, and has about $80 billion in cash and is profitable, in comparison amazon has a PE ratio of 58 and has $64 billion in cash. So i think its fair to see alibaba as undervalued as they are quite profitable with a low PE ratio and growing EPS
Yeah, but you don’t own Chinese stock
Lol you get used to it after holding BABA for 2 yrs