harryexe
05-24
I opened 100.0 share(s) $Alibaba(BABA)$  ,Bought baba on broader Chinese stock market recovery. Chinese gov buyback China shares. Alibaba is going to do share buyback. Quite a clear winner with a defined risk of 70 as the floor. Buyers will come sub 80.
BABA
05-24 20:12
USAlibaba
SidePrice | FilledRealized P&L
Buy
Open
80.45
100
--
Closed
Alibaba
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Comments

  • singsongone 10
    05-28
    singsongone 10

    How do you know Chinese gov gonna buyback China shares?

    • singsongone 10Replyharryexe
      Thx
    • harryexe
      China sovereign wealth funds have been buying the general Chinese market for a few months now, setting a clear floor. https://www.cnn.com/2024/02/06/investing/china-stocks-rally-government-stimulus/index.html
  • winky9
    05-28
    winky9

    $TENCENT(00700)$ has more certainty than baba?

    • harryexe
      I have not researched on tencent. It may be the case. Do share your perspective. As for Baba, I know the company itself is buying back the shares, and I have a very defined level to risk against.
  • PeteLeacock
    05-28
    PeteLeacock
    Great move!
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