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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (46985)	12/17/2021 4:40:11 PM
From: Sun Tzu	Read Replies (1) \| Respond to of 96717

I never said that I will not buy BABA at any price. Where did you get that idea? I've been very clear about what price and conditions need to be met for me to invest in BABA. Beyond that, there will be trading opportunities. But there are much better risk/rewards around, including in Chinese stocks. The entire HSI, ya the whole index, is trading below book value. I still haven't opened a position b/c the chart is still too ugly and I am not keen on catching a slowly falling knife. But if I were to make a long term leveraged bet in Chinese stocks, I'd pick HSI over BABA. The latter may have higher rewards, but the former has better risk adjusted rewards.