I like to believe it is so. Firstly, the fundamentals of the company has not change, in fact, it is getting better in shape financially. Don't forget the upcoming 11th November 2020, Singles Day sale. This single day alone rake in billions of dollars for Alibaba each year, beating records of many Ecommerce Companies revenue in a year.
Read latest acquisition here
But the bigger news to me is this article here. What is the implication ? It is not about the refund but rather millions of retail investors who had this sum of money to invest in Ant IPO will not sit idle on their funds but continue to plough back into the stock market.
Thus, I see Isharetech, HSI, CN50, SHCOMP along with stocks in HK, China and US benefiting from it.
For Alibaba, the share price is now near to the bullish trend line so I expect it to either touch and rebound or revisit 258 level before rebounding. That would bring it to more than 10% drop from the peak at 309.80.
Those who like me who invested in Alibaba when I made the trade call in May 2020 would find this a good accumulation point.
Read latest acquisition here
But the bigger news to me is this article here. What is the implication ? It is not about the refund but rather millions of retail investors who had this sum of money to invest in Ant IPO will not sit idle on their funds but continue to plough back into the stock market.
Thus, I see Isharetech, HSI, CN50, SHCOMP along with stocks in HK, China and US benefiting from it.
For Alibaba, the share price is now near to the bullish trend line so I expect it to either touch and rebound or revisit 258 level before rebounding. That would bring it to more than 10% drop from the peak at 309.80.
Those who like me who invested in Alibaba when I made the trade call in May 2020 would find this a good accumulation point.
Comment:
wow, it is up 5% ! Hallelujah !!!
Comment:
www.cnbc.com/2020/11...by-stock-plunge.html
To me, this is a good opportunity to accumulate shares of several Tech companies. Why am I not selling despite a 5 figure loss ? Simple - the fundamentals of the companies have not changed and I am investing for the long term.
To me, this is a good opportunity to accumulate shares of several Tech companies. Why am I not selling despite a 5 figure loss ? Simple - the fundamentals of the companies have not changed and I am investing for the long term.
Comment:
we added some shares yesterday :)