$Alibaba(09988)$I have not average down since my last post on HST, instead I sold a cash secured PUT with strike price of 145. If it goes into the money, this will be my last attempt in averaging down for Alibaba. I am maintaining sufficient cash for potential correction in the US market - SPY has broken the strong 50 MA support. Despite yesterday rise, it is still possible that SPY will hit the 50 MA support-turned-resistance and continue the downtrend.
$Lion-OCBC Sec HSTECH S$(HST.SI)$ only 1 month into the 6 months intensive crackdown announced in late july. However, we will never know when is the bottom, and the market is always forward looking. It is possible that capitulation has passed.Will look out for opportunities to add more Tencent, Alibaba, and HST.