$BABA-SW(09988.HK)$ at this rate, we'll open at $97 tomorrow...
$BABA-SW(09988.HK)$ at this rate, we'll open at $97 tomorrow. good luck to all. For the very short-term investors, be careful of holding overnight because US will be reporting their Consumer Price Index (CPI) report tomorrow and it's expected to be higher (bad) than forecasted.
good luck, happy trading
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Matthew D :
_FrancoOP Matthew D: I hope that smiley means that you're going to make so much money that the overwhelming happiness is causing you to smile and laugh uncontrollably.
good luck, happy trading
Matthew D _FrancoOP: I hope it dips! I can buy more before their earnings which is guaranteed to be good now that china reopened!
_FrancoOP Matthew D: I was thinking that after the dip, there would be a run up until earnings. Then I was going to play puts for earnings. Your thoughts?
_FrancoOP Matthew D: nevermind, I didn't fully read your message. I see that you expect good earnings. well .. good luck then
Matthew D _FrancoOP: Hmm you think that earnings is going to be bad? Im expecting a nice rebound back to 150s after earnings to gain back investor confidence in the China’s economy. But puts are always a smart way to hedge.
_FrancoOP Matthew D: not bad, just not enough to raise it like that ($150) like you mentioned. I'm expecting BABA to dip below $100 this week, then rebound to around $110-113, then a 5% drop after earnings.
I don't expect significant moves from any sector in the short term. I will be buying mostly puts until the summer, then I'll ease into buying call options with an expiration of next year.
current plan is to cash in any CPI report drop that may happen tomorrow. I'm going to get calls for the company Cisco. After that happens, I'm going to buy calls for Google and Alibaba for the week just to switch it to puts after it has risen a decent amount.
Am I a madman? lol
Matthew D _FrancoOP: Doesn’t mean that I don’t agree with you means you’re wrong. That at least sounds like a solid investing strategy and you obviously have a plan.
_FrancoOP Matthew D: might not be the right place for this, but are you watching any anime this season?
Matthew D _FrancoOP: Haha been a while since i watched any. Last one I was watching was chainsaw man and the new bleach
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