MaDLabbit
06-15
$BABA-W(09988)$  $BABA-W(09988)$  I'm no longer bearish with Alibaba as the price hit as low as 106 last week. I manage to buy at 106.7 as I think it is oversold. Now Alibaba is consider cheap again. I was considering to buy into tencent but I think Alibaba will bring more value over the longer term. I expect Alibaba price to recover and will hit 200 by year end.
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Comments

  • jingli
    06-15
    jingli
    106.7 entry is nice lol I grabbed Alibaba lower too, but 200 by year end is a big swing. What makes you that confident?
    • MaDLabbit: 
      Sorry for my delay reply, I think that once Alibaba start to report their earnings the negative sentiment will be eased and market will realize how oversold Alibaba has been and rebound will come. Alibaba is the best China AI bet now it is their profit which is drag down by their instant commerce
  • henryhan
    06-15
    henryhan
    agree Ali is at near bottom. safer  at this point to buy risk less
  • JimmyTurner
    06-15
    JimmyTurner
    106.7 这单真会买，我之前总是抄早了
  • MaDLabbit
    06-21
    MaDLabbit
    Totally agree with you sir, at current price the downside is really limited. I think max downside is 10-20% but upside is so much more. I will continue to add and I hope it drops more
  • MaDLabbit
    06-22
    MaDLabbit
    I think 100 will be a strong support level and I intent to buy some more at around 100
  • Kacudah
    06-22
    Kacudah
    Seems like breaking below 100 this week:(
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