BABA FUD long term idea
Fundamentally sound company in an uncertain political climate. I'm not going to draw a bunch of lines, because lets be honest this chart broke down in early July ish. This is an amazing long term buying opportunity created by a ton of FUD from recent announcements regarding a tech crackdown by the chinese government. I think the worst is now behind them. Alibabas agreeing to the 15billion arm twist donation shows they are on board and playing by the rules now. But however fundamentally sound they might be, be advised you don't actually own anything when you buy a chinese stock, and also the chinese gvt has been known to reverse course quickly and we could see even more regulation regarding tech, so be prepared for that possibility. We are in a multi year accumulation zone, and discounts this deep don't come very often, but with added potential comes added risk. Not financial advice, trade at your own risk.
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