soo hoo
2022-09-06

Summary


Over the last 5 days, the market has reached a consensus of sorts on Alibaba's valuation; its value is somewhere between $90.78 and $100.88/share.

Alibaba has repeatedly traded at high volumes near both value extremes in the last 5 days, sometimes on the same day.

Alibaba's volatility makes it a great stock for short-term day or swing trading.

Money in losing positions is often called "dead money". However short-term trading around a losing position can, if executed successfully, lower a position's cost basis and generate return.

The Young Bull and the Older, Wiser Bull


Recently, I observed an old bull and a young bull grazing in a green pasture on a beautiful, sunny day. The young bull gazed towards a nearby watering hole and noticed a herd of cows had gathered there. The youngster said, "I'm going to run over and buy one of those cows a drink". The older, wiser bull replied, "I'm going to walk over and buy them all a drink".

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • JC888
    2022-09-07
    JC888
    1.8 Trillion HKD cap cmpny, peaked @hkd300 vs now hkd86.75 (-71%), 100% bottomed? At home- property crash, bnk run, electrity shortge, earthquake, lockdwn - all these won't affect economy n stk mkt?
  • all the best
    2022-09-06
    all the best
    lol
  • Joru
    2022-09-06
    Joru
    Ok
  • ahjo79
    2022-09-06
    ahjo79
    👍
  • kamy
    2022-09-06
    kamy
    sell
  • yksim
    2022-09-06
    yksim
    👍
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