HuskyHawk
The triumphant return of the Blues Brothers.
- Joined
- Sep 12, 2011
- Messages
- 34,853
- Reaction Score
- 92,419
Yes, implied opportunity for others looking to initially get in or to average down. Holding more than enough BABA at break even <188, not interested in adding more yet appreciated the resulting opportunity to add some discounted JD pre-mkt and TCEHY.
Winnie’s (Xi) containing BABA’s lending to unworthy borrowers, imposing reasonable lending regs, and breaking BABA’s monopolistic seller rules which effectively require selling companies to only use BABA vs other platforms, e.g., JD, PDD, etc. No negative impact on BABA’s massive cloud opportunity, ongoing revenues from Alipay and other services, and eventually good for their Ant IPO.
I bought BABA and sold it. Just front trust it. I’m also going to avoid Chinese companies at this point.