BABA
I still like baba at the support level. I'm still holding a portion of my long position. sometimes the price will hover around support for a while before it can bounce off support or break down below support. if it does go below support I will worry. but I don't think I will sell unless it really starts falling very fast. I only have a small portion of my account in Alibaba so I can hold this for a little while. my expiration on my option is next month. if you are holding an option or warrant that is far out of the money it will not look good at all when the price is dropping. my option does not look good right now but I'm not going to stress myself until the price dips below that support level the upward sloping bold purple line. once we go below that bold purple line the last two support levels are the bold yellow horizontal lines. when the price drops below that first support line, the bold purple line I will start preparing myself mentally to cover my long position or develop a short position. I will not enter into a short position or cover immediately because you know how the price on Alibaba can swing up and down like crazy. I will wait and see how the day plays out. and then I will decide. I have enough time to wait until the day plays out because my expiration is far out
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SpyderCall OP : @102640653 I'm getting more worried about my long position the past couple days. but I think I might wait until earnings. I do have enough time to wait
SpyderCall OP : I'm going to check tencent right now. I am still holding some amtd so I'll definitely check that next
102640653 SpyderCall OP : Basically I see Alibaba chart on a monthly basis it look good enough for upside from this level but when it comes on weekly basis is not that great yet . Indicators r not so good for weekly yet.I’m holding call warrants over at Singapore site which is dlc but price is below 1cents now . The high previously on baba about 120 hkd above n u see this moving above 5 cents easily.
102640653 : Expiry is a year plus to go
102640653 SpyderCall OP : After today rise on amc r they any changes on the chart n upside targets on it. I’m looking at usd 26 as the nearest target currently
102640653 SpyderCall OP : Thanks
SpyderCall OP 102640653 : wow a year expiration. I'm a short-term trader so it was impressive. you got to leap. those are the ones that pay out the biggest. but it's very scary to watch them move up and down. a few have a strike price it is not too far out then I would not worry at all. my strike price is kind of far out of the money and I only have one month so I'm slightly worried. Alibaba has been falling for a couple years and this is the first time it's seemed like it's forming a bottom. so you might have got a good warrant. that's kind of exciting I wish I had a leap on baba
SpyderCall OP 102640653 : I forgot to check AMC. let me look at that really quick. I'll get back to you
102640653 SpyderCall OP : My strike price is too far away conversions price 135 hkd is selling dlc at 1 cents a year to go
SpyderCall OP 102640653 : if your expiration is the one year out then I think the strike price of 135 is definitely attainable at the moment. if we make new 52 week lows then I would be worried a little bit. but right now 135 seems like make good strike price for an option or warrant contract that is a year out
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