Load up when people are scared(for nothing)
$BABA-SW(09988.HK$ really envy those with cash now able to get baba at such good prices. next week after christmas rally we will already be in 130s
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101680455 : 130 to 139
101680455 : Likely in Jan to Feb. Won’t run so fast since so many shorts
XiCP : I think jan 22 will be start of the huge reversal for baba.
Btan : Wait for me
Mike Hunt : This $60 mil bull put spread and two very large synthetic longs suggests institutional money ain’t scared.
扶不起阿斗 Mike Hunt: Baba will go up but depend on the market condition. it will rally for next 2-3 weeks.
Mike Hunt 扶不起阿斗: That 60 mil bull put spread expires in a month. They made the strike so far away from stock price because of stock price reaches the lower strike price, it blows up everything
Mike Hunt 扶不起阿斗: It could have a run like $Unity Software (U.US)$ had a couple months ago or like $AbbVie (ABBV.US)$ had with 11 Green Day’s in a row. It went up regardless of daily markets force variables
扶不起阿斗 Mike Hunt: HK market is weak once fiat tap is turned off. there is only 14 days on the fiat tap
Mike Hunt : I think the market maker will keep opening price in the 116.5 range so that hedge buddies can open derivative positions. I wouldn’t be surprised to see it dip at open before setting off on a
to 120+ today. And I just realized I’m in the HK BABA thread 
. But
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