China Bubble

It is not a company that will stay at this level for long. Sell it when you could.

https://www.wsj.com/articles/alibaba-stock-hits-record-11602236816

The biggest systemic risk for BABA and other tech companies operating in China is the constant change of government policies. I won’t be surprised if BABA falls to $200, $100 or even $50 levels over the next few years.

Buy me a beer if this works out well for you!