Indeed, also remember a country like China is competing with US, do you think they want Alibaba to be as big or bigger than Amazon? of course they do. This issue was to do with the Ant IPO in that should it be treated like a bank, lots of people in power im sure are heavily invested in banks so just wanted some protection.
So do you think the price drop and potential further drop is due to the price inflation of the ant group ipo? Iām just struggling to understand a potential 20% drop for a company that only owns 33%
I think its just sentiment due to ant ipo issues, the same way vaccine hopes raised most things and sunk some tech stocks, are microsoft any weaker now vaccine? I would say not.
So more of an investment shift based on the companies covid made weaker rather than the issues with the companies they have sold.
I think Iām going to continue buying over the next week or so and hope that it doesnāt fall back to pre covid prices
Yes if you are looking to get into Alibaba my ethos was anything under $300 good dealā¦ now were like $260 going lower potentially so if your planning to add not a bad time.
Did you see how much their āprime dayā made again?
Yes I did but share price fell further?
I mean I will refer you to Joeys comment few posts above for the people selling.
Well hopefully we donāt end up with the same reference by the end of the year!
The market is crazy, so fickle.
Loading up on BABA as it falls. Bring more discounts!
Hardly out of no where the head of ant group criticised the government and regulatory bodies.
So was immediately crushed and now china is bringing new laws and regulations in to stop the big tech companies into line.
Because the āfacts of businessesā are not the same in China
With the government gunning for them its not that out of the question the company could be split up, nationalised, its board imprisoned etc.
You will get zero warning if anything like that happens. You wonāt get a chance to react or to sell just a headline that Xi has let the hammer and sickle fall.
"Indeed, also remember a country like China is competing with US, do you think they want Alibaba to be as big or bigger than Amazon? of course they do. "
Well no th3yd much prefer a state controled company was bigger than amazon
If this is true then why are we all investing in Chinese companies? Why are they even listed on US markets?
Why are the current top investment companies all buying Chinese company stocks?
I agree what has happened with the ipo is odd but complete sabotage? Iām not so sure, if China was interested in dominating The Ant Group or Jack Ma himself they would and wouldnāt even blink.
Imo they are just not ready for a complete switch to online banking or worse still online currency so they are holding back companies capable of ruining the current banking regime, with new regulations it gives the main market banks chance to catch up and compete
Iām gonna borrow this thread for the Alibaba news:
Alibaba shares in Hong Kong plunge 8%
https://www.cnbc.com/2020/12/24/asia-markets-brexit-coronavirus-currencies-oil.html
Iāve been buying the dip that now turned into a premium
Bzzzzzzz, all I hear is noiseā¦ Buying opportunities incoming.
Iām with you. Just wanted to hear Iām not alone
You are not alone, this is a nice Christmas gift Strong buy !
Itās been a strong buy since the failed ipo hasnāt it?
I just hope the Chinese donāt know something we donāt thatās just around the corner and Iām sick of all the doom and gloom with this stock/group.
There has to come a point though when itās good money after bad, especially with the vast amount of growing stocks there are out there today.
I hope we all donāt live to regret this
Seeing that they might split it up there might a big risk to buy. It might not be a dip (To be transparent: I donāt currently own any Chinese stock at the moment as the risk is to big for my taste)
From Bloomberg:
Maās empire is in crisis mode. His top executives are part of a task force that has almost daily interactions with watchdogs. Meanwhile, regulators, including the China Banking and Insurance Regulatory Commission, are weighing which businesses Ant should give up control of to contain the risks it poses to the economy, according to officials with knowledge of the matter. They havenāt settled on whether to carve up its different lines of operation, split its online and offline services, or pursue a different path altogether.
Exactly my worry. @dMLT @Lenos1980