China has bottomed, obviously: $BABA Rebound Play
Posted: Apr 26, 2024
- Many investors have lost money betting on a rebound in Chinese stocks - The poster doesn't pretend to know much about BABA (Alibaba) - BABA is trading at a low P/E ratio compared to its earnings - The company has a lot of cash which could potentially increase its share price, but no guarantee - The valuation of BABA is based on risk factors like geopolitical risks - Emphasizes the importance of good storytelling in investing - Proposes a story of BABA as an underdog that will rise and make investors rich, despite uncertainties - Overall suggesting that now may be a good time to invest in BABA, but reasons are unclear.
Summarized top reddit comments: - OP has undisclosed positions - Rational DD on China stocks - Alibaba is a leader in AI space in China - Risk factors include CCP and CEO departure - China reaching new top - BABA considered to be a value trap - Positive outlook on BABA's future - Humorous comment about liquidating wife's 401k and going all in on BABA
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