Well, well, well, it looks like we might with the capital on that whole world might have a new meme stock in the world memesock icon Cohen Ryan Cohen the artist from Chewie who then also became the artist of Gme and then also became the artist of bed Baptist and then that one ended poorly. Well, he's trying out a whole new venue and this one's particularly called Alibaba Ticker symbol B-a-b-a meme sock icon Cohen buys into Alibaba In rare China activism Cohen Known for driving GameStop reach out to the board the activist investor is taking a broader interest in China Meme Stock Investor Ryan Cohen has taken a stake in Alibaba It's a kind of like the Amazon of China Very very big, very very popular. and if he actually had to ask me, I think it's one of the most undervalued tech plays and that's probably because of the headwinds that it runs into not only with the US government, but also the Chinese government. Alibaba was founded and created by Jack Ma Jack Ma the billionaire.

He's no stranger from fighting with his own government. Just to add a little bit of context, Meme Stock Investor Ryan Cohen has taken a stake in Baba and is pushing the E-commerce leader to buy back more of its shares. In a rare case of activism targeting a prominent Chinese firm, so why would he be targeting the company to buy back shares? When a company buys back its own shares, it's typically thought of as a show of strength. Because think about it, a company knows exactly its own internal situation.

It knows all of its own numbers because it itself is the company. And all of a sudden, if it's buying its own Equity off the market. That's signaling to the world that it knows its own numbers that it's trading at a discount of where it should be. Cohen Who rallied individual stock traders to help Propel shares of companies like Gme Circa early 2021 built up a stake worth hundreds of millions of dollars in the second half of last year.

People familiar with the matter said, if you want to check this out, you can look at the 13 Fdg filings. Basically, that's what the big players have to file every single quarter if you want to know, depending on when you're watching this, the current size of this Baba position as of the most recent quarter. So he became almost put on like this. like internet pedestal within Reddit Um, with the whole Gme stuff.

Uh, great success at Chewie Then he got put onto this crazy pedestal with Gme. Then he moved his sights to Bed Bath and Beyond that one ended very poorly for him. Very very poorly. He made money I Shouldn't say it ended poorly for him, but it ended very very poorly for the people who followed him into Bed Bath and Beyond because he kind of dumped his own position on them.

Now with his new sights on Alibaba a kind of interesting Chinese-based activism is probably the best way to say it. Uh, we'll see how it plays out. I myself am not following it I Do admit from just a fundamental breakdown: I Do think Alibama is undervalued, but also seeing how bed bath played out with Ryan Cohen I don't necessarily want to get a giant position dumped on me in Alibaba So personally, I'm staying away from it. but I would love to know your thoughts on Ryan Cohen and kind of the newest moon.

Do you think this is going to end? well? Do you think he's going to move it the way he's moved previous stocks? Or do you think it's going to end poorly? Let me know in a comment below.