My one-hundredth-and-twenty-eighth YouTube video “Quick Pick Alibaba” went up today.
Alibaba (BABA) and other Chinese internet companies have been struggling recently under the pressure of a government crackdown. However, with the slowing of the Chinese economy due to ongoing Pandemic lockdowns, the government has signaled that it will let up a bit on this crackdown (and move to add more stimulus to the economy.) Not surprisingly the shares of these companies have picked up some momentum. This is not a long-term pick–the government can and will reverse this loosening. Get some profits on Alibaba while the getting’s good. (Which is why I’m adding it to my 12-18 month Jubak Picks Portfolio and not by long-term 50 Stocks Portfolio.
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Here’s the link:
