I totally agree. I feel it will always be worth $25. And what a fat dividend. However, I do remember that the price sank to $6 one time for a short period. And also the bank was able to buy back some for $19 on a special deal. I think if it drops to $20 I will buy more, unless some negative news shows up.
"Long" folks need a little relief rally. Don't bash me because I really have no Idea where this company, or any other company is headed in the near future. Long range, BABA, may be much higher.
I agree. I wonder how much lower BABA will sink before it finds a bottom. The "Gloom Guys" get all the attention right now. We may be close to bottom. Who Knows? Good luck whichever way you all guess. I ain't selling . If it goes to $20 I'll admit the mistake and move on.
Should not be on these message boards. It would be great if we could discuss investments. I notice that PM and MO are about the only green spots YTD in my portfolios. USA has about an equal number of Democrats and Republicans. So, bashing each other will gain nothing and I am tired of seeing this #$%$ on these boards.
And AMZN has a PE of 868 times earnings.I have been able to buy stuff on AMZN much cheaper than some other sources. But why is everyone so sure that AMZN is in a position to get prices at a profitable level sometime. I know that we can not trust any numbers coming out of China but I feel that a some point it will be very hard to justify owning AMZN and not BABA. I am not pushing a buy or sell of these companies at this time. Comments??
As to how each investment will move and when. How many times have we trashed a stock based on what we thought we knew, or the experts told us, and then saw a short covering a few days later and watched the stock price never get back down to the price we sold at. China will be OK, I think. I do keep a healthy cash position but will hold on to BABA for now. If I loose my butt, so be it. Check with me in six months and if I was wrong I will admit it. We all have fun guessing, but NOBODY really knows for sure, including me. Good luck to all!
I guess we would all be very rich if we knew which way (for sure) that any stock would move , and when. Anyway, we're all having a good time guessing. Good luck to all!