Rate Of ReturnToday I continue to hype Alibaba. I sold all my Tencent stocks in Hong Kong and a small-cap stock this morning, going all in on Alibaba. The reasons are as I mentioned a few days ago—the current risks for Alibaba are minimal, and if signs of a turnaround emerge, the returns could be substantial. Longbridge is my high-frequency trading account because of its low fees, making trades more frequent than in my other account $BABA-W(09988.HK). So, I’ll also look for opportunities to sell Alibaba and switch to stocks with better potential later. But I’ll hold this position for at least a month, waiting for the earnings report.
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