WatsonA
2021-09-23

$Alibaba(09988)$


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. 

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  • ALearner
    ·2021-09-26
    Just curious, what is the % of BABA in your total porTfolio?
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    • ALearner: 
      Ic, good luck to all of us. I aM also holding tencent, tIger, huya, on top of baba , cannot afford to average down for all ?
      2021-09-27
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    • WatsonA: 
      If I calculate it based on the cost price, it is nearly 20%. If my long PUT is assigned, it will be pushed up to 25% or less. This is also the reason why the long PUT is my last attempt to avg down.
      2021-09-27
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  • lynlion
    ·2021-09-24
    No worry, buy more when dip
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  • logostauros
    ·2021-09-23
    good strategy
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