Last Investment Of The Year | Nibbled Alibaba (HKG.9988)

 

I smelt plenty of blood on Alibaba stock (HKG. 9988) and sensed opportunity.

It is a falling sword that cuts through the fleshes of many retail investors and even institutional big boys.

Its share price has plunged below all possible supports till there is no support left based on technical analysis and is even lower than its IPO price in 2019.

It is now or never.

Alibaba is the largest e-commerce business in China with platforms such as Taobao and Tmall, and owns an ecosystem of Alipay, Alicloud and Caibiao Logistics. Entertainment media platform such as Youku Tudou contribute further to its income streams. It is still a profitable, undervalued tech company with immense growth prospects, albeit subjected to crackdown and regulatory risks introduced by the communist government.

I decided to get on this boat today. 

This will be a long-term, high risk high returns play. 

My last Investment of the year. There it goes.

Should its share price plunge further, I am prepared to average down at 10%, 20% or even 30% lower.

Thanks for reading. Stay safe and strong always!

With love & peace,

Qiongster