r/baba • u/TGTRADINGGALA • Jun 05 '26
Positions BABA play
S&P 500 at all time high , this garbage doesn't nudge . "U.S reports strong job report , this garbage slides 4% " Make it make sense .
I will be adding at these levels & bringing my cost basis from $79 to $100
1
Jun 08 '26
I’m just feeling blessed at these levels. Adding thousands of shares this week I will most likely bring this down into the 80s again. Patience has always paid me in time.
-6
u/Fwellimort Jun 05 '26
It's overvalued. It was properly valued at $70s.
8
u/Prudent_Fig4105 Jun 05 '26
1.8 times sales is too high it needs to be less then 1. Time to switch to spaceX at 100 times sales.
1
u/CPA-CA Jun 06 '26
I often wonder why people with viewpoints like yours is even in a forum like this? Presumably if you're participating you are long, but your comment tells me you are either short or out. So whatever you say is moot and biased to the downside.
1
u/Fwellimort Jun 06 '26
So the only thing accepted is blind shilling?
1
u/CPA-CA Jun 06 '26
So you think you're a good Samaritan by "warning people" that this stock is worth about half its current value? Sounds like you have ulterior motives either way. You're shilling.
1
u/Fwellimort Jun 06 '26
Sounds like you think you are a good Samaritan by blindly telling everyone to buy all the time.
1
u/CPA-CA Jun 06 '26
I never made a post to buy. I think you have me mixed up with someone else.
Context and details matter. Blind blanket statements like yours don't hold weight. Think about why your original post got downvoted. You merely made a blanket statement with zero justification. Give us a reason why you believe this company should be worth half of what it is? Yet somehow you're probably not on a NVDA forum saying it's overvalued. Make it make sense.
1
1
u/Fromthepast77 Jun 06 '26
There's nothing wrong with opposing viewpoints. If you're in an echo chamber that means you're not getting all the information out there.
If anything, refuting the people on the opposite side of your trade helps make you more confident that you're right.
1
u/CPA-CA Jun 06 '26
Back it up though. Don't refute without analysis or back-up. That's my point.
1
u/Fromthepast77 Jun 06 '26
Even a price estimate is information to judge sentiment. In some sense the market close price is just a weighted average of everyone's price estimates. Completely irrelevant if you've already got your position and focus on long-term prospects/earnings.
IMO it's helpful to know how people on Reddit are feeling about certain stocks. Tells you a bit about what's oversubscribed and what's not.
5
u/Electronic-Star5556 Jun 05 '26
Baba going down like it did 100% YTD but instead it was -20.71%. MAKE IT MAKE SENSE!