$BABA TOP 20
Added 2024-09-29 11:53:11 +0000 UTC$BABA and a lot of Chinese ADR's had an incredible week as we finally got the 'Shock and Awe' stimulus measures that we have been waiting a long time for.....it has been nearly a year since we have said this is needed, not one to rush or succumb to outside influences the Chinese Policy makers...but they did not need to wait this long to start printing....they are possibly showing a different approach to the US.
Very interesting now to see the two different economic cycles now, China needs to flood their economy while the US is still managing to cool theirs down.
I sold 20% of my $BABA holding on Friday, the run, the aggression and the test of the 1.618 Fib was enough for me to take some risk off and I will add again on the Wave 4 pull back, I suggest once we see a hold on the 0.38 Fib, many should do the same.
Comments
My 1.618 is at $117.85
THESTOCKS
2024-09-30 13:16:25 +0000 UTCI feel your starting wave 1 at the wrong area if this isn’t starting from January 2024
THESTOCKS
2024-09-30 13:16:07 +0000 UTCWhat would be the next good entry pullback for BABA
Cob G
2024-09-30 06:43:22 +0000 UTCWell honestly I am not following SU - I already have a position in my larger portfolio on a national energy company (which is doing very well as I am up 25% and still gives me a 6% dividend per year) - while I am following OXY for a considerable time now, before Buffett entered. And my mantra now is “buy only what you know well”.
Federico Salerno
2024-09-29 16:05:44 +0000 UTCHow about Suncor energy (SU) ? you think it's better than OXY?
jp
2024-09-29 15:48:13 +0000 UTCSold the same with Baba, PDD and Jd, yinn. Trimmed and Sold JD covered calls and held Baba 82, 92 March contracts. Didn't sell NIO. I was so overweight China expecting stimulus last year. Cap ,I was a holding so much China for 3 years and became numb to my 20k unrealized losses. Finally, I recovered and positive for the 1st time. Huge titanium balls here. Been holding huge bags over the years.
jp
2024-09-29 15:41:54 +0000 UTCSolid
Gareth Neary
2024-09-29 12:31:03 +0000 UTCI did the same but took out 50% for rebalancing, now I have plenty of cash to program a 5-sizes new position or even two. I am studying closely OXY and PFE, but could also be ABNB which is largely studied here…
Federico Salerno
2024-09-29 12:27:40 +0000 UTCHi cap do you think its possible thst wave 3 extend to the fib above before we see a wave 4 due to all the short squeezes
Bercan
2024-09-29 11:57:13 +0000 UTC
