QUOTE(moosset @ Dec 24 2020, 04:56 PM)
anyone getting BABA now? Should hit $235 in NYSE.
QUOTE(Cubalagi @ Dec 24 2020, 06:30 PM)
So brave eh?
Baba is a great business, but I'm also scared of CCP.
QUOTE(TOS @ Dec 24 2020, 06:40 PM)
So, do you think CCP wanna kill Baba now?

QUOTE(moosset @ Dec 24 2020, 08:04 PM)
they will definitely not kill it but they will probably curb its expansion. To what extent will BABA's business be affected, that I don't know. One thing for sure, BABA's growth story will definitely not be as spectacular as it could have been.
I think this applies to all businesses / organisations that are too big and pose a threat to the local government. Governments are like control freaks. If they cannot control it (for example, crypto), then they freak out.

QUOTE(Cubalagi @ Dec 24 2020, 09:35 PM)
I say now it has become a possibility to be monitored.
As I mentioned above, I don't hold BABA directly, only indirectly via one of my ETF exposure. So my concern is more on industry wide impact on China new economy sector.
Huge from from their 260+ price just yesterday

NYSE:BABA 218.43 -37.75 -14.74%
Back to July's price level