Submitted by moriasis t3_126izuc in wallstreetbets
slick2hold t1_jec3wky wrote
BABA is a fraud. Ride this BS split news and then gtfo. Do not hold for the split IPOs, the minute they spin off, if it still trades, the IPOs will crash. First, most of the spin-offs are money losing business and with high rate env that can not be sustainable. Then you have to worry about dilution as BABA will sell more sharrs to fund these money losing businesses.
Retail gets holding the bag BABA and investment banks keep shitting in, and Americans keep sniffing it, waiting for it turn into a bag of potpourri. How many times will we let these mofos sucker us out of our hard esrned money.
Stay in it until the news of the split dies and sell into each upward move. I recommend to not hold this; dont wait for the spin off IPOs.
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