Noise and facts
$BABA-SW(09988.HK$ quite frankly, the latest restriction on Alipay and tercent code for personal long distance transaction is good for the market. Prevent fraud and money laundering. Apparently, the market would make a fuss of it…. as they usually do. does it affect the ecosystem. apparently not unless you are in the business of fraud and money laundering. Will the noise keep coming? of course, they want to get it cheap. Will I buy baba now? Depending on your position. if u have non, perhaps it’s time to look at it. Still, I will wait when there are so many fomo who would sell at a greater discount. For me, I am waiting for a good opportunity to average down my holdings at 150 . BABA has become a value stock and 114 would be an irresistible level. alternatively, I am thinking of sell a put at 114 to collect premium.
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