I had bought BABA much higher than present values. There isn’t much to like or “enjoy” about China. I am not particularly fond of its stupid history, government or its food. I do, however, like the company of American chinese people and favor American chinese food over the vegetable laden crap that some of you mentally ill liberals deem as “authentic chinese food” or “real.”
In other words, I do not like China. I feel it is a country wrought with systemic corruption, a cesspool of liars and thieves trying to outdo one another in order to attain absurd wealth. Nonetheless, there is one company that I feel will curry the favor of our investors over a period of time. This period of time might be 1 week or 1 year. But, eventually, Americans will buy the shit out of BABA.
Why?
Because it is the pure play on Chinese consumerism. It is the sole way to play the transformation from man in a coolie hat to man being driven about town in his brand new Buick. Yes, for some odd reason, the Chinese love a good Buick.
With immense scale, free cash flow, government clout, and a CEO with a head shaped like a football, there isn’t a way BABA doesn’t work higher, eventually.
As such, I added to my position here today, reducing my basis to $91. I will buy more on dips.
NOTE: To finance this trade, I booked profits on SKX.
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Been thinking of that myself. Need more
dough.
Le Fly gets mentioned in an article on ZH. Comments great one?
I haven’t seen it. But no matter how poorly it talks about me, I could never be mad at Tyler. He is like my evil long lost brother.
Ok, just read it.
PAH
It was submitted by some 10th tier blogger. Tyler would never bother posting rubbish like that.
there was a gentleman out there in the trading world that 10k COP march 63 calls earlier this week for 22 cents. Yesterday, that was a million dollar trade. if he did not sell, he just saw a million bucks vanish. fascinating.
Have you ever considered Tencent (TCEHY)?
nope
When Tencent went public in 2004, its market cap was around $1bn. Now $170bn. They have had a tremendous track record as a public company.
Reading ZH is a waste of time except for the laughs.
Oh I’m sure global economic collapse will be a barrel for you
Different cultures have a different sense of what amounts to corruption.
Fly, ever watch the movie Amadeus?
yes, it was good. I am a big fan of biopics and have a list of good ones. We’ll get around to them, eventually, during Fly’s cinema Saturday’s.
One of my personal favourites. Looking forward reading about the biopics.
Love that movie.
“Head shaped like a football”….
LOFL!!!
Jack Ma will fuck you up.
Buicks and minivans sr. Fly. Don’t forget about the minivans.
I got in BABA at the IPO. Very small position, since I only got 2% of what I ordered. Not really worth selling, but I’ll buy more if it comes in 20% more.
I wonder of The Devil is still short VIPS from the upper twenties before the 10:1 split.