Financelot
1.6K posts
@Financelot33
Follow me on my investment journey! On the look out for down and out assets at cheap valuations. I call it Uninvestable Investing. Not financial advice!
Nice reversal $BABA. From -3% pre market to now +6%. Surely wave2 is over.
$BABA revised count. Nothing much changed except I grouped all the overlapping waves into a larger wave1. Still bullish and expect wave2 to have completed. Much depends on the upcoming earnings. Let's go $BABA!
$BABA revised count. Nothing much changed except I grouped all the overlapping waves into a larger wave1. Still bullish and expect wave2 to have completed. Much depends on the upcoming earnings. Let's go $BABA!
Not going to lie. $BABA earnings were horrible. But does it deserve to be down 9%? Its now at the 0.786fib level. Any lower I will have to revisit my count. Same goes for $HSTech, as long as both can hold above 0.786fib, the China tech bottom could be in.
Initiated a position in $FSLR for my YOLO portfolio. Looks like wave2 has possibly ended.
Some Korea stocks look too cheap to ignore. Case in point SK Hynix. PE 5.2x Net Margin 36.4% FCF Yield 11% 5Yr Rev Growth 19.7% Chart wise some sort of triangle wave4 correction seems complete. Some others like Samsung and Hyundai Motor also look like compelling buys...
Waiting for $MELI at 1400. Will it get there?
$TER is my next multi bagger after $PLTR. Insane that is trading at over 100x PE. But high can go higher... Sold some to recover my capital and will just let the rest run.
