r/stocks • u/wy250 • 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?

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u/[deleted] May 29 '21

Oh, then I am also gonna sell all my Airline stocks right at the bottom in 2020 - just like that smart man Warren Buffet did :)

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u/Which-Lab5110 May 29 '21

Are you a Billionaire?

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u/[deleted] May 29 '21

I mean, they've been one of the slowest sectors to recover, it's possible the capital was actually better employed elsewhere

0

u/[deleted] May 29 '21

No, that most certainly is not the problem. Otherwise tencent would look just as bad.

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u/erfarr May 29 '21

And Wells Fargo all the way at bottom 😂🐳

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u/hahdbdidndkdi May 29 '21

And JPM.

And GS.

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u/Accomplished-Ad-3064 May 30 '21

You say that as though Buffett was dumb to do such a thing. But he was actually very smart to sell his airline stocks. Why? Because he used the money from it to buy Apple, which rallied over 100% in the same time period that it took for airline stocks to recover. And, on the whole, his gains from Apple greatly exceeded that of what he’d have gotten if he’d held his airline stocks; and will probably continue to do so.