I've been bearish the last 2 quarters, buying more on dips like today, but still quite bullish for the long term... To put it in the simplest of terms, my opinion/strategy is based on the fact that China has twice the population that the US has and less than 50% of that population has internet access right now, but that's changing FAST. I am also long on BABA, but think JD has a good chance of higher % growth in the next few years...
For what it's worth, Amazon has a $1-Trillion market-cap with only 310-315 million users... JD's market cap is 38B and BABA's is 427B.... which of those two has the largest % growth opportunity given the population, internet, and ecommerce trends globally?
If I'm wrong and lose a few K, so be it, but if i'm right and that few K turns into the balance of my mortgage in 5-10 years, I'm thrilled.