RED for CNY
$BABA-SW(09988.HK$ Chinese love Red as luck.. Seems like 9988 is giving its Red for the festive. Come would like to see how deep Red and low you can go..
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Mr Careful : I will watch from the sidelines. I have cleared all my investment positions. Great to be without positions before the long holidays. Anyway, the market is always there for us to enter. Time for a break
AlfonsoDexOP Mr Careful: I am almost like you. So the lower it drops the better the stock is undervalued
AlfonsoDexOP Mr Careful: But i am really waiting to catch one more time the rock bottom lows and cash out all my positions from these chinese stocks
Mr Careful AlfonsoDexOP: hk and China stocks still likely to trend lower. but if u can move in and out fast, u will reap huge rewards. China needs to cut the interest rate asap else their deflation prob cannot be solved and the market might drop steeply again.
AlfonsoDexOP Mr Careful: Yupz... Chinese stocks have too many issues to handle.
The only plus is that they are super undervalued..
AlfonsoDexOP Mr Careful: Do drop tips if you see some trend through technicals.. Haha
Mr Careful AlfonsoDexOP: I let u know when i think baba can be picked up