I wrote a strong to the point commentary on Friday to clarify my position and my concern with $BABA
The important part is that I am sticking with my position, Chinese ADRS have let us down but the HSI has still held its structure incredibly well and really it is just a waiting game now.
I believe the stimulus program will bare the fruit it deserves and $BABA will benefit.
But I am prepared to stick this out.
A test of the 200 Day MA at $82 is certainly a possibility.