1st time millionaire. Thank you China. $BABA πŸš€

    https://i.redd.it/2qaydpfy24rd1.jpeg

    Posted by sparty1983

    34 Comments

    1. But but reddit told me China is evil and it’s uninvestible.
      Don’t you know Adrs are bad and all chinese companies fake their accounting.

    2. Congrats! I bought that piece of shit after it shot to 106 then dropped in the high 80s. Figured I was getting a deal. Sold it in the high 70s after holding it for over a year. Just flatlined. Then it went under 70 and I thought I made the right move. Now around 100 and I curse this stocks existence! Of coarse not my only mistake or even biggest but for some reason this one stings a lot.
      Anyway congrats on becoming a millionaire! Hope you stay there.

    3. turbulenttoaster on

      So he made 33% return in 9 months… thats it? Thats less than the SP500 over 12 months. Im not sure why you’re celebrating returns literally worse than the index that everyone and their grandma is invested in…

      Apple, Meta, Netflix, Google are all equal or better returns over the same time period and without the egregious risk that is China. πŸ˜‚

    4. To be fair, this isn’t regarded in any way…the guy just made a really good call

      Basically bought BABA at its lows…I’d sell at 120 if it gets there and see how it acts…it could range around that area for awhile waiting to see how the stimulus/easing policies progress…money to be made if it trades within a range for this period of time

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