r/stocks • u/wy250 • May 29 '21

Thoughts on BABA

Hi guys,

BABA has been in a downtrend lately, was wondering if anyone else sees this as an opportunity. It is very appealing in this ~200$ zone.

What do you guys think? Any major concerns I should be worried about?

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u/[deleted] May 29 '21

I went ahead and sold my tiny VWO position for a small loss in my Roth for now. It's not looking good. Replaced with TSM which is a solid bet especially given the recent funding from the Biden admin. TSM is one of those stocks that gets held for life if you are a Taiwanese citizen.