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r/baba
Bought extra 1100 shares!
Investor summaryBullish
Author bought 1,100 more shares of BABA at around $100, averaging down after a steep drop from $193.
Bull points
- Stock is in a good buying zone after a steep drop.
- Averaging down at $100 provides a better entry point.
BABA价值 / 回购
Post body
Initially I had 10,000 shares at $72 average. Bought them in December/2023 and held since. It sucks seeing the stock drop from $193 to $100 (and also seeing a million evaporates from my account). But it’s part of the game. I was just expecting 25%ish drops along the way but this one is too steep. So I guess we are entering into a really good zone to buy so I threw in about $110K today and locked in 1100 shares. But what do I know. Good luck to us all lads! 🫶🏻
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