BABA getting cooked after hours on "suspected monopolistic behavior." I'm not sure why though...I was under the impression that China was already gonna investigate. Oh well I guess this one moves from trade category or long term hold category.
Yeah, I think it has to do with the fact that it's starting now and nobody knows to what extent they're going to bring the hammer down. I'm actually thinking about dumping it, but I'll hold off until the first major drop from this point (if it happens). I've head it for about 5 years, but thought I'd hold it for a lot longer. I hope it won't be a situation where I wake up and Trump decided to put them on some list or the Chinese government decided to bring the hammer down.
I’m hoping for a “not as bad as feared” scenario where the stock rally. I’d also be curious if the sum of parts > whole. I remember this was brought up with google and it quickly rallied after regulators were said to be getting involved.
meanwhile, back to normal growth stocks. an opinion by an amateur the opinion by investopedia Microsoft (MSFT) Could Hit $300 in 2021 After reaching an all-time high at $232.86 in Sep and easing into a triangular trading range that has been working off extremely overbought technical readings through time rather than price. That exercise may have now entered the final stages, raising the odds for a 2021 breakout that signals another year of superior returns and a potential trip up to the $300 level. Institutional investors have been loading up on Microsoft stock in the fourth quarter, keeping accumulation readings glued to all-time highs,, while no major investor has closed positions or reduced size. It is likely that these market wizards expect to get paid in 2021, given the fourth quarter's "flattish" price action.
WSBros, serious qn, are you'll able to buy Singapore SGX listed stocks on the platform you are currently using? Had a penny stock trade in mind, seemingly good fundamentals + all the right buzzwords for the current climate of PUMP. May be worth investigating further, but useless if USA $ has no access to it to fuel a run. Esp good if u have a RH account haha.
have owned AAPL stocks since 2 splits ago. during the recent dip in mid-Sep, bough some more, and sold some covered calls. but the chart---forming a Cup w Handle--looks too good not to make a trade. sold a bullish PUT spread, 135/130, collecting $2.1, max risk of $2.9. use the premium collected to defray the cost of this BULLISH CALL spread bto 130 CALL, sto 140 CALL, $4.45 net/net $2.35 my near-term price target is to be above the previous hi, in early Sep, of 138, after forming a handle ~~ there, w no overhead supply, trading action will rocket off
I doubled down on BABA cuz catching falling knives is fun. =P jk I'm betting it's more a slap on the wrist deal than a hobbling but I could be wrong about how far Xi would be willing to bring down a national champion.
At this point if the Chinese government announced that BABA would be fined a billion dollars and could not force exclusivity the stock would bounce 15%. I think the fear is the VIE structure and whether the government would pull the plug on it... I believe that interactive brokers allows conversion to Hong Kong shares...may have to look into that even if its a tax nightmare.
Reading the official statements, what the authorities are saying seems commonsense basic regulation tbh. If I was living in China, I would want those rules put in place. Definitely don't think they are out to kill BABA, just level the playing field a bit and close some loopholes on the Ant/fintech side.
Glad I didn't pick up BABA when I planned. Have @saitou to thank for that one! Feel pretty good about the risk/reward at these levels and will aim to pick up a bit next week
im considering it as well. i already have two chinese investments though and think that may be enough. im legit scared of losing a lot of cash with too much of my money with that country.
i signed up for ark's alerts, they've been on a bidu spree recently, but on the 24th they just added to their tencent position instead. tencent price has been impacted a bit by the monopoly talk, but they have less exposure to the e-commerce monopoly issue that baba is facing (imo this is about protecting small shops that sell on taobao, tmall, JD, etc. which would be a popular move). disclaimer: i'm long tencent; + impossible for retail investors to fully understand these 2, they have their fingers in so many parts of the chinese economy. in the end i have to admit it's a "gut feel" thing when i chose tencent over baba.
Flare Ups It's been a busy 2020 for Cloudflare. Let's dive into their edge compute and Zero Trust moves. https://hhhypergrowth.com/flare-ups/ ^Nice deep dive summary on NET in 2020. The price of the shares have gotten frothy by any financial-based measure, even amongst cloud stocks it's one of the most "expensive" now; but it can be argued that the price premium also reflects investor confidence in the bigger picture of NET gobbling up its share of all network traffic, both internet and enterprise, for more and more $ down the line. Imo, they could get a big revenue and profit boost by making their free services less generous and charging more if they really wanted to already, but the free services are a marketing tool to gain more users and build long term value.
I've been using their lower-cost services for years, but upgraded to an anti-spyware package on several websites, I don't even know what it is or how it works, but it helps alleviate spam form submissions and it costs a lot. Like 900% more per site. I mean... once your business is already there you might as well use them for other stuff that you need. Easiest option available.
