Several people have reached out asking if I'm still holding my BABA and PYPL positions (original thread is here: https://www.reddit.com/r/wallstreetbets/comments/1akti6m/down_730k_between_pypl_baba_still_in_for_173/ ).
I am holding! (though I did sell 2k of my 14k shares of BABA around $112, which realized some losses for tax loss harvesting purposes, which lowered the average cost basis of my remaining shares). Here are the current details:
Yes, I know BABA is down today. Yes, I plan to keep holding BABA to see how the stimulus plays out. I also still like PYPL quite a bit.
The original post from 8 months ago showed I was down a combined $730k between those two positions. As of today, I'm basically break even on them. I know it hasn't been a good investment / thesis so far, but I still think these have some room to run. Time will tell.
$2,400,000 BABA and PYPL position current status
byu/imacompnerd inwallstreetbets
Posted by imacompnerd
21 Comments
…so instead of a free no risk 120k a year or a slightly risky 190k gain a year in an index…you did this
WELCOME TO THE CASINO
Replaced my weekly slot machine allowance for $BABA positions. Riding $BABA till $160
I thought there is no stimulus? Special bonds instead?
Meanwhile the S&P is up 12%.
I’m also holding my BABA $100 March 2025 calls. Bought them in May of this year.
My regarded ass bought 10 3p 10/18 on yang thinking it was yinn I really hope this china thing isn’t completely done not that I have that much invested. If this as plays out the same as the last few times there should be 2 or 3 more rugpulls in both directions.
Just want to make sure you are 100% aware you don’t technically own any Chinese stocks? As in the govt could at any point in time take ownership because you are technically buying a company that just claims to have rights to own the stocks and not the actual stocks themselves since china doesn’t allow foreign investors directly. As long as u understand the risks then go for it.
Gonna bank
Don’t trust Chinese stock
GURGAVIN, is that you?
Also a $PYPL bag holder, nothing like your investment, but 200 shares at a cost basis of $87.44 (currently down $1,299). Seems like it’s coming back slowly, but man this has been a crazy ride.
All that capital just to baghold dog shit ADR cayman island paper shares for over 3 years at a loss Kek 
Should sell and yolo it all to NVDA right now.
Put a million on snail inc
Thank you for boosting my baba poaition
See how the stimulus plays out? What stimulus? 
get out now and just buy $NVDA, come back in a year to a 50% gain.
To me, “still holding to see how stim plays out” is a direct translation to permanent bag holding lol
China is a buy
lol. If you bought any worthwhile tech company stock like NVDA GOOG MSFT etc instead of PYPL you’d be up 100%-1000% from that same time period