School me on investing...

only down 8%??? that's a normal day for BABA

 

It was closer to 10% when I posted.

But to be serious, I've been watching it every day for a few years, as I owned some. 8% is a big move.

 

Sounds pretty negative https://seekingalpha.com/article/4494053-bad-news-for-alibaba-investors

adjusting BABA's revenue for these 19 additional days means that BABA's revenue declined organically by CNY 20 billion (10%).

On SEC filings, BABA reports declining revenue from its China Commerce segment, its largest business line, which explains CNY 1.5 billion out of the above-mentioned CNY 20 billion organic decline.

 

Anyone watching ‘Gaming Wall St’ on HBO? Only a few episodes in and most of it is fairly, or I would hope, common knowledge for active swing traders… but it’s a great review of the WSB craze and how the whole game is… well… not necessarily fair.

 

So Papa, what's your buy in number for BABA? I need to do some DCA...

 

I actually put in an order at $91.50 yesterday but @Boman Forklift freaked me out a little bit with his article and I canceled the order before the price got there again.

Nothing particularly insightful about $91.50. It's just that my trading platform for some reason I will not let me place an order on BABA without specifying a price and it was around that price when decided to buy some.

 

Probably for the best, just read the article and it was pretty bleak.

 

On the more conservative side- I had an order in a few days ago for more DFS at $100. Only got down to $100.07, now back up to $107. Wish I had bought a bunch more at the $40 pandemic level...

(bottom was $28, I got in at $40)

 

Well it's down to 87.xx right now so that saved you a little. Once I read what I posted, it scared me from putting anything into it. I haven't bought individual stocks in a long time, just buying S&P 500 and a couple mutual funds anymore.

 

Did you end up getting any Rivian at $40? Sounds like the experts are still expecting it to do well, its at 38.19 now.

 

I posted at some point this winter that I was waiting for $25. It's on its way there.

 

Yep, got 10 @ $40. Waiting patiently...

 

I was gonna ask if that was just a joke or if you might actually buy at $25... it could easily happen.

 

It was a joke at the time, in response to someone who was excited to have an opportunity to get it at $50.

 

DOCU has been dropping nicely in the post-COVID world.

 

So has BAND ... just wondering how much lower it'll go before I buy some.

 

i hate looking at my account now as its sooo in the dump and i pretty much dont have money to buy

 

Probably for the best. Cuz it’s nowhere near bottoming out.

 

What are you basing that on?

 

how dare you question his expertise...