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Cut loss on Alibaba or buy more for a Merry Christmas?
By A Singaporean Stockmarket Investor (ASSI)  •  December 23, 2021
I did not plan on blogging again until the new year when I would share my 4Q 2021 results. I would also probably have blogs about the CPF sometime in January. However, the reader who wrote to me about his purchase of Alibaba shares at $220 a share after reading blogs by a local blogger left me another comment. For those who are clueless as to what I am talking about, read: Invest in Alibaba Group? High risk, high reward? Anyway, after reading the reader's latest comment, the blogging bug bit me and the result is this blog. Alibaba's share price continues its slide and the downtrend is pretty much intact. It should be obvious even to those who are not technically inclined that the downtrend is pretty persistent. Many have been cut very badly by falling knives and some have had their fingers or hands cut off....
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By A Singaporean Stockmarket Investor (ASSI)
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