First, da_spot, bobby, Corn, thank you for your replies, I'm the recommendation. :)
I bought BABA at 102 and watched it double bottom at 60 only to go to its current levels. FB did something the same at the beginning...
I have some experience myself buying high and holding while watching it slip into a hole: buy at 56 (later split adjusted to 28) and hold on as is went down to 3. ABMD (Abiomed), now 430ish, recently added to the S&P 500, which should announce another 2:1 split after the shareholder meeting in August given we were asked to vote on increasing the number of shares, more than enough for a 2:1. Yes, I am moronically patient, but ABMD did teach me a lesson--get a divorce, take the loss (on taxes), but keep following something I still think has potential to get back in later. That's what I shall do with IQ.
There are two other major players in the IQ arena and they cannot be discounted, TCEHY and BABA although IQ has momentum along with some great shows. Tencent and BABA have tremendous platforms for their services as does IQ with BIDU and JD. let's see who wins the race a few years from now...
Speaking of which, I don't own TCEHY but sure looks interesting here near its pivot point, which way will it go? I might have to pick up a few shares...
Since you bring up TCEHY: The only thing holding me back from picking up some ADRs is my holding in Naspers (NPSNY), TCEHY's largest shareholder. NPSNY's itself is worth less than it's stake in TCEHY! It also sells at a discount if one takes it's lip-smacking investment portfolio into account. |
