01-04-2022, 09:37 PM
(01-04-2022, 09:08 PM)roguetrader Wrote: Hi bro, may i know what is your target price for this Alibaba? Not to pinpoint or blasting but purely for my own reference, thank you.
A long term investment has no fixed "target"....do you see Warren Buffett ever set a "target" for his investment?
If a business keeps growing the stock can double or triple or quadruple....If business deteriorates it can go down hill.
At the current growth rate of 10% and margins assuming it can go continue at this growth rate, the company is worth $300...one can take reference from this ...but I won't sell just because it hits $300...
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.