[sgbuffett]

I have completed my purchase of BABA stock around the $155 region.

Just to add to Tay Chi Keng video:

1. When a stock sell down by 50% and the reasons are very apparent set of events known to public ....i am actually less concerned. If a stock falls by 50% and you don't know the reason....then you better dig harder to find out.

2. Actually Alibaba is not a "crazy bet". There is too much "company" including Charlie Munger, famed value investor Mohnish Prabraj.....I prefer less crowded trades with fewer people following but given Alibaba is such a big name it is inevitable big investors are looking.

3. There are  very real danger as it not clear when Chinese govt is done with "fixing" Alibaba. So one always has to manage risks.

[theold]

Got a bit for 151 and 155.

[ROFLMAO]

I have completed my purchase of BABA stock around the $155 region.

Just to add to Tay Chi Keng video:

1. When a stock sell down by 50% and the reasons are very apparent set of events known to public ....i am actually less concerned. If a stock falls by 50% and you don't know the reason....then you better dig harder to find out.

2. Actually Alibaba is not a "crazy bet". There is too much "company" including Charlie Munger, famed value investor Mohnish Prabraj.....I prefer less crowded trades with fewer people following but given Alibaba is such a big name it is inevitable big investors are looking.

3. There are  very real danger as it not clear when Chinese govt is done with "fixing" Alibaba. So one always has to manage risks.

You still holding BABA at > $150??

[sgbuffett]

You still holding BABA at > $150??

I did one last purchase at $110.
As a risk management measure u won't be adding anymore.

Intend  to hold for the business to develop ..it can succeed and it can flop....

[sgbuffett]

Tay broken even and is now positive for his China stocks..

2 Weeke ago he was -14% but the China Market has gone up.more than that.



Well he did live up to his convictions and kept buying through the bottom in Oct 2022.

He was laughed at for more than a year for being overly bullish and continuously buying through the year....and become known as a bit of a clown for making so many videos on Alibaba. He managed to get the last laugh as many who bought US stocks in last 2 yrs like Tesla and Nvidia are nowhere breakeven.

While I agree with his analysis of Alibaba. I disagree with his over allocation into one stock as it would be too risky...because no matter how good a company is there is always uncertainty.

His portfolio as of 2 weeks ago.

[sgbuffett]

Problem which sharing investments in public is when the stock drops many people will jeer and ask you to sell....and some get carried away and share name calling and so on.

But Tay seems to take all the taunting quite well...

But is a waste of breath to explain to people the company is still good as its stock price keeps falling.