Perhaps this is finally the BABA bottom, some positive new Munger added at $120 (but still small position for him), but at least it shows that he has high conviction, otherwise the Buffett style is cut losses as soon as the long term story shifts. Even if it is against the market narrative, e.g. Airlines during covid. When growth USA sputters it might be time that funds add to growth in which many names are cheap. The wildcard is China government policy.
We triple bottomed sub 120, indicating short term bounce to 140, this has been happening for months most of the time sputtering a few dollars above ema20. way early for confirmation but high risk high rewards. Entered short term calls and yearly leaps 130c/160c for hold till expiration.
We triple bottomed sub 120, indicating short term bounce to 140, this has been happening for months most of the time sputtering a few dollars above ema20. way early for confirmation but high risk high rewards. Entered short term calls and yearly leaps 130c/160c for hold till expiration.