My shares of Alibaba (BABA) dropped below $100 today as investors are panic selling. I was tempted to sell, but thankfully I was reminded of a timeless investing lesson from legendary investor Phil Fisher. I share that lesson with you in this video.
According to an article from Yahoo Finance:
"Alibaba (BABA) American depository shares closed at 52-week lows, at $92.92 on Thursday following JD.com's (JD) quarterly print and amid renewed worries over Chinese ADRs delisting from U.S. exchanges. The Securities and Exchange Committee (SEC) has named five Chinese companies which risk being delisted from U.S. exchanges if they do not provide details to back up their financial statements....Chinese e-commerce and tech companies listed in the U.S. have declined significantly since last year after China's regulators began cracking down on giants like Alibaba and JD.com. BABA is down 28% year-to-date following a decline of 48% in 2021. Alibaba is trading at multi-year lows. On Thursday it sank as much as 9% to an intraday low of $90.82."
According to an article from Yahoo Finance:
"Alibaba (BABA) American depository shares closed at 52-week lows, at $92.92 on Thursday following JD.com's (JD) quarterly print and amid renewed worries over Chinese ADRs delisting from U.S. exchanges. The Securities and Exchange Committee (SEC) has named five Chinese companies which risk being delisted from U.S. exchanges if they do not provide details to back up their financial statements....Chinese e-commerce and tech companies listed in the U.S. have declined significantly since last year after China's regulators began cracking down on giants like Alibaba and JD.com. BABA is down 28% year-to-date following a decline of 48% in 2021. Alibaba is trading at multi-year lows. On Thursday it sank as much as 9% to an intraday low of $90.82."
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