ALIBABA GROUP HOLDING LTD
Long
Updated

Charlie Munger said Alibaba has bottomed out ......

1 122
I will wait for a few more days , assess the bullish candles before adding more....
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Looking forward to buy tomorrow after the retracement.
Tonight, the US market might bring the price up higher
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added some last week and will add more this week as well......
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businesstimes.com.sg/banking-finance/asia-hedge-funds-scoop-up-alibaba-sea-after-stock-rout

Could the big boys know something that the retail market do not ?
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I am looking at around 82.3 level before scooping more but if it continues to close above current price now (93.3) tonight, then I might add a little bit more. It's tough to catch the bottom
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it is coming closer to the price I am looking at .....
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could 74.4 be the rock bottom for Alibaba? It went up more than 8% today ! Most stocks in HSI rise as well, brining the index to gain more than 5% today !

I hope it will have a pull back so I could get in again, haha

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