3/13/2022 Increased BABA position by 20% at 88.33 on Friday. Average is just under 130 now.

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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.

Published by bigfry

Hi, I’m Nathan. I majored in Finance and minored in Piano Performance at Boston University (graduated in 2020). Outside of trading/investing, I enjoy teaching and playing piano, teaching and playing Go, fishing, and watching anime. I also started my own Boba company while at BU, and am currently working on a company with my twin brother. I'm currently teaching Go full time, which has been the best job I could ever hope for.

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