(12-24-2020, 12:51 PM)MikeWa Wrote:Put a sell order in at 222 and went to town to finish my Christmas shopping. It executed. That makes me lucky, not smart. I made $440 off my foolishness. BABA may very well be 250 soon but I am not looking back. I'd buy more on a further dip but a $50K investment in a company fighting with the CCCP is a not where I should be. A couple shares at a time as it dips is MUCH more appropriate for my retirement plan. I am back to 6 shares and those are underwater.(12-24-2020, 11:38 AM)fenders53 Wrote:(12-24-2020, 11:12 AM)MikeWa Wrote:I am going to have to ignore it and be as patient as necessary. BABA is Chinese Amazon. They are indeed monopolistic and they are also a China bluechip so they won't be ruined by government action any more than our FANG stocks. Just have to wait for it to settle out. Exactly the reason why I haven't jumped into more shares of FB, AMZN and GOOGL lately. They will get more heat as well.(12-24-2020, 10:40 AM)fenders53 Wrote: Tried to add 2 shares of BABA to my growthy port I am slowly building. My typing skills need improvement or I better start proof-reading before I hit confirm. Second time I have done that the past month or so. I just bought 220 more shares of BABA and I'm thinking its not gonna run higher today..... lol not. Wish me luck while I try to get a nastygram from Waterhouse for daytrading. If this ends bad I'll just go buy some Fireball for Christmas Eve. My largest individual position size record has just been shattered by accident.
Ouch! Nice Christmas gift!
I hope it turns around for you soon, so you can sell 218 shares, hopefully with profit. I have my wife review my larger orders for me for exactly that reason :-)
Merry Christmas!
Looks like you can sell today and make some nice profit.
Merry Christmas to all my friends here. See you Friday.