Diogo (@DCTAVARES) on getquin

Diogo T.

@DCTAVARES

1Mon·

$BABA (-3.57%) Average price is 69$, should i sell?

I just love the stock , it was one of the first stocks that i bought, but china stock just give me anxiety.

I also own $1211 (-1.07%)

3 Comments

Beavis Bilderpoop@KnifeCatcher

1Mon

not yet, it can go 40% up easily

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Thomas@UndNun

1Mon

I also considered buying them roughly 3y ago. Similar with $700 or $1211. But then the crackdown on the tech industries happened.
And since then I decided to stay away from Chinese stocks in general however tempting they are for political/economical and ethical reasons (Uighers, Tibet, Falungong, Taiwan, South China Sea).
a) you never know when it will happen again
b) I don't want to support a country that is fundamentally aggressive to its minorities and other countries, even constantly threatening with war.
c) although CCP has turned China in one of the most capitalist countries, in the end they are fundamentalistic anti capitalists.
Even though I'm not too fond of (current) capitalism myself, why would I want to support people who in the long run will ruin the only good way I have to better my financial situation?

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Lucas@looca23

1Mon

it depends on your strategy. If you swing trade, you should sell at least half of the position. If you invest long term, you should just hold

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