$Alibaba(BABA)$Sell off my position at BABA just now. My position was at 206.60, just 1 day it drop almost 11%. I sell off to stop my loss.
In My opinion, BABA is a very strong base company, they have strong financial. But the thing is, Chinese Base US Listed Company have too much Drama even strong company like BABA. & TENCENT. Due to a lot of US,China & HK government involvement, potentially affecting the growth of the Chinese Base Company. BABA has drop almost 40% since4 months ago until now is still dropping.
Just my personal opinion, is good to stay away from Chinese Base US listed company for awhile.
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4th Major Risk: Variable Interest Entity (VIE) Structure (affecting all Chinese stocks)