Alibaba and Yahoo
Sold 5000 1688.HK shares @ 19.30 HKD. Will see what happens in the next few days. BTW, I am still holding the 1000 YHOO shares that I bought last month.
Tagged as: alibaba, yahooAlibaba and China Life
Bought 3000 2628.HK shares @ 29.00 HKD. Very stable stock even though it recently dropped from its highs. China Life is the largest insurance company in China. Other its core insurance business, the company is also involved in overseas investments.
Tagged as: alibaba, china life, Economy, insurance, investments, stableAlibaba
Sold 2000 1688.HK shares @ 28.72 HKD. I sold Alibaba because I feel it is going nowhere at the moment and looks like it is trending down. I may be buying again soon.
Tagged as: alibaba, down, sellAlibaba.com
Bought 2000 1688.HK shares @ 28.05 HKD
I bought Alibaba because of the following reasons:
Yahoo owns 40% of Alibaba. (Link)
It has recently fallen from its highs (~$40).
Biggest B2B business in China – “The Chinese eBay”.
HSBC appoints CEO of Alibaba David Wei as non-executive director. (Link)
28 and 1688 are good numbers. =)