lucasL
03-18
$Alibaba(BABA)$ $BABA-W(09988)$  

Based on yesterday night's trading. It seems to be big boys holding the price high while distributing out their shares.

My guess is that it is poised for a huge drop rather than a gap up. As such I sold off half my shares at $146.2 yesterday. Also sold 4 x call options $146, with $2.6 premium.

I could be terribly wrong here.... but hey that's the fun of trading.

AI + Policy Stimulus: Will Alibaba Head For $170?
Alibaba surged 4.59% and reached $147, a 52-week-high. Alibaba was gaining ground on Monday after the Chinese government said yesterday that it would implement a plan to boost consumer spending in the country. Will Alibaba fill last gap in November, 2021 and aim for $170? Will you chase the high?
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Comments

  • lucasL
    03-21
    lucasL

    Indeed the distribution started and$Alibaba(BABA)$  has dropped close to $135 (10%) based on this morning off market trading. There should be a small rebound. Maybe to $138 in tonight trading

    • lucasL
      $Alibaba(BABA)$did not rebounded on Friday night. But I am confident of it doing so next week. Bought 400 shares.
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