Keep dropping hahah
$Alibaba (BABA.US)$
when the price was $200, people told me it’s dirt cheap.
now it’s $157, people still telling me it’s dirt cheap, should buy more.I will wait for $130 or lower, is that dirt cheap at that time?
when the price was $200, people told me it’s dirt cheap.
now it’s $157, people still telling me it’s dirt cheap, should buy more.I will wait for $130 or lower, is that dirt cheap at that time?
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Machiavellis3rdEye : I’d start now before close but have ammo set aside to average down next week... baring a market crash, I don’t see how this wont make you money at this point. And sometimes those who wait, wait too late... Not financial advice.
71174119 OP Machiavellis3rdEye : Ehh, if you have 100,000, will you buy Alibaba or Amazon?
If Amazon drop 10% to 2880, I will load up with margin. If Alibaba drop 10% to 142, I will think: It that the button or I should wait for 130 next week?
B3llo : I suggest you sell puts instead of just buying into shares, if you are ready to own the share.
Whether to buy BABA or AMZN, I will do it based on intrinsic value.
Currently , BABA is below all its moving average, the support level is at tentatively 150(but it can just go lower), but at the same time, any good news from ccp will means a V shaped recovery
At this stage, just don't leverage.
Machiavellis3rdEye 71174119 OP : Rn I’d buy baba either way, in fact I just did. And I don’t ever “load up with margin.” Timing markets and margin trades are for pros and hedge funds manipulators, IMHO.
Luke Tan : True. People kept saying dirt cheap and I kept loaded up till I've 300 shares now ar average price of 205. Sitting at big losses, :(
71174119 OP Luke Tan : Good luck Bro!