Fang, ant, bat


#61

I sold some of my AAPL to buy BABA. Continue to rebalance my portfolio away from American tech and more towards Chinese tech.


#62

BABA went up what 100% last year I don’t recall exact number, still has legs? What business model has changed so soon or long term play?


#63

No change in business model at all. Just momentum play.


#64

All my plays are long term play because my timing skill sucks. Alibaba is like a super Amazon in a country with 1.4B people whose GDP grows at 6.5% a year.


#65

Its funny, why we all know these things deep down already but didnt throw the kitchen sink when the stock was 59.25 in sep 2015 (2 years), lol. Infact I got frustrated with BABA I sold whatever little I bought at 90 at 78ish to free up capital.


#66

Yeah, hindsight is 20/20. :smile:


#67

That’s why always buy and hold!!! I bought all the BABA I’ve ever wanted to buy on its IPO day back in 2014, at $90 a piece. I have not bought more nor sold any since.


#68

Well, this strategy backfired at least for today!


#69

Fortunately life is longer than one day.


#70

Correction for BAT and NVDA just started/ a week ago. Other members of FANG and ANT correction started about 1-2 months ago.


#71

Your strategy backfired again today. But I suppose life is longer than 2 days…


#72

So long doesn’t break below $164.35 still got chance that BABA could re-bounce to new high.


#73

I think it will go to new high eventually…


#74

Where is the support? I need to long some calls to capitalize on this eventuality :slight_smile:


#75

Just sell some Apple to buy Baba like what @manch did :wink:


#76

Which one has higher chance of doubling? AAPL or BABA? I think BABA.


#77

Yes but I think both @hanera and I need to consider the tax consequences of selling Apple.


#78

Put that cost into calculation. If you still think BABA will outperform AAPL even after accounting for capital gain tax, then holding onto AAPL is irrational.


#79

Don’t be so timid. Borrow margin against the AAPL to buy BABA. It’s win-win. You avoid the AAPL tax bill, and you still get to buy BABA.


#80

I already did that back in 2014… :rofl: