Hello All,
I believe Alibaba is a good buy for your stock portfolio overall. However, the crackdown on Tech Companies by the Chinese Government has made these stocks quite cheaper and they are currently trading below their Intrinsic Value.
Take note of Charlie Munger who has bought this stock for The Daily Journal, he recognizes that in the long run this will pay off and I believe so myself. Let me know what you think, it is worth it?
I am currently Long on Alibaba and would purchase more on pullbacks or if it drops below my purchase price.
Thank you.
DISCLAIMER
THIS CONTENT IS FOR EDUCATIONAL PURPOSES ONLY, TRADE AT YOUR OWN RISK.
I believe Alibaba is a good buy for your stock portfolio overall. However, the crackdown on Tech Companies by the Chinese Government has made these stocks quite cheaper and they are currently trading below their Intrinsic Value.
Take note of Charlie Munger who has bought this stock for The Daily Journal, he recognizes that in the long run this will pay off and I believe so myself. Let me know what you think, it is worth it?
I am currently Long on Alibaba and would purchase more on pullbacks or if it drops below my purchase price.
Thank you.
DISCLAIMER
THIS CONTENT IS FOR EDUCATIONAL PURPOSES ONLY, TRADE AT YOUR OWN RISK.