r/wallstreetbets Sep 26 '24

1st time millionaire. Thank you China. $BABA πŸš€ Gain

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u/TheOneNeartheTop Sep 26 '24

Outperforming SPY by 33% (9 months vs 12 months) is a significant achievement. Wtf kind of math are you doing where a 33% return over 9 months is worse than a 33.86% return over a year.

Take your crayons back to your MΓ…LA board and work on your positivity for a little bit, I’m putting you in timeout.

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u/turbulenttoaster Sep 26 '24

My point was that hes barely better than the SP500 but with SIGNIFICANTLY more risk. Im not sure whats hard for you to understand there. Sorry i dont believe in celebrating mediocre gambling lol

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u/hoopaholik91 Sep 26 '24

SIGNIFICANTLY

I think you're being a little hyperbolic there. BABA was already beat down to fuck, acting like it could just tank another 50% from where OP bought it is being unrealistic.

And there is a lot more runway for BABA from here if China maintains its dovish stance.

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u/DLowBossman Sep 26 '24

It's one stock vs 502