Hi everyone, I hope you had a great weekend!
BABA shares dropped significantly on Friday, and since the same delisting fears were brought up as a reason for the drop, I saw no reason not to continue averaging down into the position. I’m down quite a bit on it (average is just under 130), but increased my position size by 20% at 88.33 on Friday.
Facebook stock is looking better and better, but I like BABA more in terms of value. It is however about 40-45% of my total account value, so it’s probably best to buy some Facebook or other stocks next.