Hot Investing Tips Personal experiences investing in the stock market…

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20Dec/070

Alibaba.com

Bought 2000 1688.HK shares @ 28.05 HKD

I bought Alibaba because of the following reasons:

  1. Yahoo owns 40% of Alibaba. (Link)
  2. It has recently fallen from its highs (~$40).
  3. Biggest B2B business in China - "The Chinese eBay".
  4. HSBC appoints CEO of Alibaba David Wei as non-executive director. (Link)
  5. 28 and 1688 are good numbers. =)

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