[sgbuffett]

1. Many value investors including myself purchased at the mid point where the stocks fell 54%.

2. The reason was even at its peak of 11 China tech stocks were not particularly expensive. So after it fell 54%, they had enough appeal and value for long term investors. The stocks also looked like they have stabilised. I stopped purchasing after some accumulation for 2 reasons ..there seem more regulations coming out and China is seeing an economic slowdown. .My last purchase of Alibaba was $110. I purchased other stocks but leslts use this last purchase of Alibaba as ref.

3.  Unfortunately,  war and many regulatory actions were announced in concentrated period causing a panic and stocks to breakdown and simply selloff in a collapse to 3.38 (bottom)

4. Seeing the panic I step in to but almost at the exact bottom buy only a small nibble of the HSTech ...individual stocks were hypervolatile so I did not consider. Unfortunately I only bought small amount.

5. The Chinese official came out to calm the market on regulation and economy. The HS Tech Index jumped 30% I'm 2 days something unprecedented.

6. Based on  US Alibaba stock price it will open at 106 on Monday. Just 4% off my last purchase.

7. No Alibaba bull on YouTube who promoted Alibaba as it fell from 200 to 100 ...bought when it hit 70. Even these guys begin to doubt themselves...

The HS Tech Index is 26% down from levels in the "middle" part where many long term accumulated.