BABA dropped to a new 52-week low. I am in at 184.34$ average cost. I think they are as close to a slam-dunk to make a major comeback as there exists. Sure there is never a such thing but I really love Alibaba and the moves they have made.
Looks to me like we will get one more "extreme fear" environment next month. It is likely to be a pretty big selloff, bigger than anything we had in 2017, judging from how the McClellan Summation Index is looking like it will go below 0. Transports peaked in May and are in correction territory, -11% from the May high. Chinese internet stocks are up to -50% from their high back in February. For the rest of this week though, we might still get a bounce to get us flat while the big 5 companies report earnings. The indexes just had 5 straight days up, so unlikely to immediately start a selloff.
I got in at $191.68, obviously not an ideal entry Let's see if the Chinese markets will bounce a little bit today after 2 straight days of bloodbath
I agree with you and have been saying this for a couple of months now. I have pretty much sold off everything at this point. I have a few things that I bought low, like BABA, SNAP, RUN (solar), BIDU, and PYPL and will look for a bounce and sell off by the end of this week or next.
Got out for a little bit of profit. The rebound could continue but way too volatile for me to hold overnight now
dude! hawaii will be the first state they blow off the map. how can you trade that with a clear conscience?
If I feel like the trade has some potential then I don't care whether the company is from China, Russia, Iran or whatever
PYPL down pretty big after earnings, might buy the dips tomorrow Robinhood starts trading tomorrow, anyone interested?
PYPL might be able to follow in the trail of GNRC, was down -12% today but ended up only -1.8%. But I won't be buying back in to PYPL tomorrow. I saw the double top (and ARKF peaked in February) and got out today, I don't think it is breaking through that resistance yet. As for HOOD, I don't do IPOs. Is Cathie Wood going to be adding that?
Wouldn't surprised me if Cathie Wood will buy some shares of HOOD, she bought COIN on the first day of IPO too I think
ARKW getting above average volume today; is that the one that will hold HOOD? Tomorrow is the last trading day of the month.
ADSK hit a new ATH earlier today. AMD on a tear after an excellent earnings report. TSLA had a good day too after not moving much for months
