(23-11-2024, 03:51 PM)sgbuffett Wrote: I remember Alibaba once took several months to hit bottom.
The bottom depends on tbe situation
There has been many bottoms for Alibaba stock throughout these 2 yrs. Zero covid cause the stick to pljnge and it bounced only when china lift covid zero restrictions.
There was also the US delisting threat. It cause Aliabab to pkunge until US and China worked out the agrement.
every 10% drop, just buy the dip.
the most is buy 4 times, don't think can drop more than 50%.
worst case is buy 9 times or drop 90% because cannot drop to zero or go bankrupt.