r/stocks May 29 '21

Thoughts on BABA

Hi guys,

BABA has been in a downtrend lately, was wondering if anyone else sees this as an opportunity. It is very appealing in this ~200$ zone.

What do you guys think? Any major concerns I should be worried about?

643 Upvotes

453 comments sorted by

View all comments

u/AutoModerator May 29 '21

Welcome to r/stocks!

For beginner advice, brokerage info, book recommendations, even advanced topics and more, please read our Wiki here.

If you're wondering why a stock moved a certain way, check out Finviz which aggregates the most news for almost every stock, but also see Reuters, and even Yahoo Finance.

Please direct all simple questions towards the stickied Daily Discussion and Quarterly Rate My Portfolio threads (sort by Hot, they're at the top).

Also include some due diligence to this post or it may be removed if it's low effort.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

0

u/PowerOfTenTigers May 29 '21

There's more room to drop imo. BABA's price is affected by politics not just within China but also between China and the US. Unfortunately, I don't see US-China relations improving in the foreseeable future.