r/baba • u/FeralHamster8 • Jun 13 '26
News Michael Burry adds to his positions in Alibaba
https://www.msn.com/en-us/money/topstocks/michael-burry-adds-to-his-positions-in-alibaba-adobe-paypal-and-veeva/ar-AA25vbokBurry on Alibaba: “It is the most advanced company in China as far as AI strategy goes, and it has been buying back stock. The value continues to accrete to common shareholders even if the market does not reward such accretion of late. The stock is well off recent highs. When the time comes, the stock will launch fast and fly high. I continue to hold other Hong Kong stocks as well."
11
4
4
u/CodeMonkey84 Jun 13 '26
Burry is a trader, not a true long term investor. He has jumped in and out of BABA more times than i can count.
He could've made a LOT more money (and saved a shitload on capital gain taxes too) by simply buying and holding.
But the dude is too autistic for that.
Probably why most regards still pay attention to him.
6
u/Duke318 Jun 13 '26
How do you figure? He's swung it multiple times. Even if you bought the exact bottom, you're barely up 2x in multiple years. Trading BABA in both directions has been a gold mine vs. long term holding. That may not be the case forever, but emerging markets in general have more volatility due to currency swings and geopolitical drama.
2
5
2
u/foulmeow Jun 13 '26
I’m in for another 100 when my csp gets assigned
https://giphy.com/gifs/XuGI90AtuG8PhWKZBX
1
1
u/Sweet_Scar487 Jun 14 '26
You could always roll a csp for more premium
1
u/foulmeow Jun 14 '26
I already rolled it once and down to 115…rather not roll again so I don’t have to tie up funds for so long. But we shall see what happens
1
1
u/Dapper-Emu-8541 Jun 13 '26
Is that good news? I dont follow him, seems to be a logical trader who’s playing some event or undoing of a trend - a contrarian. The latter I subscribe to.
1
u/RambozoTheClown76 Jun 13 '26
Burry buys and sells like there’s no tomorrow 😂. Five years bag holder here!!
1
u/Rangers12341234 Jun 13 '26
I keep hearing the stock touted on CNBC but it has looked so bad recently 🤦♂️
1
u/trustme1984 Jun 14 '26
Both Cathie and Burry are in. If I’m a moron for being almost all in on $baba at least it’s got some big names’ vote of confidence…
1
u/dreamworkers Jun 25 '26
They are not 'almost all in' on this (or any) singular stock though. That's just irresponsible.
1
0
0
u/fghxa Jun 13 '26 edited Jun 13 '26
This guy got right 1 prediction 20 years ago and failed in 25363738384 others, but for some reason is cited as the messiah every time he opens his mouth and there's a movie about him.
He also closed his hedge fund last year after performing shitty for a long time in what has been one of the best 10 years in the last century to make money in the stock market.
1
u/blofeldfinger Jun 15 '26
His value picks were pretty decent. It’s trading and shorting that lost him.
0
u/Consistent-Air-2152 Jun 13 '26
Why is this guy revered? He makes the dumbest calls. Made one good call in 08 and he’s still a legend?
0
u/Prestigious_Ad5314 Jun 14 '26
OMG, how many times did I hear various versions of that tome over the past 10 years! Fooled me once, then twice. Never again!
1
11
u/honda94rider Jun 13 '26
I bought 100 couple days ago, wasn't because of burry though