BABA will go much higher !

Even after this huge run in a challenging market, I think BABA is going much higher from here. My 6 month target is $180.

 

I agree since it been basing for more than a year and H&S bottom, but I'd expect pullback to add to your position. 180 in past was am outside bar on monthlies, so possible 270 eventually...

 

Should have been the most painful close for me. Wasn't. Entered before accumulation begun. Kept it since 2021. But Murphy's Law happened (exactly now) and had to buy some job related gear. Broke even and +10% (i know...)

Still got few Chinese positions open (also from 2021), highly correlated, will be fun to watch.

 

I have babx and only bought it 3 weeks ago and up nearly 100%...of course it was a small tiny purchase...thats usually what happens. I buy small and it catapults.

 

Nothing wrong with buying small as it keeps traders from making mistakes based on emotions.

 

I regret selling it for a loss recently. Would like a nice pullback at least for me to get back in.

 

oh well, if one doesn’t have a deep conviction on china economy, then don’t long china equities. any news either from the west or from inside would turn the table right quick. i do have conviction on general decoupling thesis and they will be fine.

long pdd instead of baba. baba is an old new, past decade’s business model.

 

Baba has a good AI story and a partnership with apple.

 

it is a diminishing proposition. ai in china is with deepseek, all platforms are deploying them. iphone is not even a top 5 selling phone anymore, if other top 4 are using deepseek, where do you want to place the bet?