 |
Bought another 20 BABA @ 204.8
Was more bullish after researching over the weekend
Their PS ratio was 5.1
Tencent was around 9
Their growth rate before pandemic was around 20%
Google growth is around 10%
And China still has great potential to grow
Also did some stress test
the next support is at 150
If it goes there, the loss is 30x50=1500 USD
which is manageable
was thinking whether to own a total of 50 shares
but loss will be 2500 USD, which is around S$3500, which is less enticing.
No comments:
Post a Comment