Baba

[dewilson58]

Huge day for BABA last week.

Who is buying this stock????

+60 times earnings for a price.

Up 30% now.

Hmmmmmmmmmm.

[salpal]

It's the Chinese Amazon -- Ali-Baba -- It is in competition with Amazon, not part of it.

[Kenswing]

They just had a single day sales record of over $25Billion..

[tcxr750]

BaBa the Chinese Amazon? Does this mean the Chinese will be able to sell direct to US customers without any $$$ staying in the US. Wil BaBa be one of the 40% of Chinese companies with government ownership.?

[dewilson58]

Amazon is small outside the US.

BABA doesn't need the US, they are going to dominate the rest of the world.

Gov't ownership???.............good question. Usually, once successful, the Gov't wants a piece. The Gov't may be giving BABA a pass to encourage more growth companies to come or be developed.

[jblum315]

I looked into BABA when it first opened. it is not really a retail operation like Amazon. You kind of have to buy warehouse quantities and paying is very complicated because you can't pay in American dollars/

[dewilson58]

Alibaba is the world's largest and most valuable retailer since April 2016, after it surpassed Walmart,[9] with operations in over 200 countries,[10] as well as one of the largest Internet companies. Its online sales and profits surpassed all US retailers (including Walmart, Amazon and eBay) combined since 2015.[11] It has been expanding into the media industry, with revenues rising 3-digit percents year on year.[12][13] It also orchestrated China's Singles' Day into the world's biggest online and offline shopping day, with its own sales reaching over US$25.4 billion on 11 November 2017.[14][15]

[mellincf]

I'm long BABA but my friend made a fortune day trading it. She's coming to The Villages and using her profits to pay cash for a house. Wish I had taken her advice a year ago...

[It's Hot There]

A little safer than Bitcoin.


:popcorn:

[Chi-Town]

I am through chasing individual stocks. Track record is positive but would have done better over the years in an S&P 500 fund. Wealth preservation is the key now.

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