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My trading record (2021-09-30, bought HK stock Alibaba and Xiaomi)

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Explain the reasons of buying HK stock Alibaba Group and Xiaomi and share my views.

Abstract: Explain the reasons of buying HK stock Alibaba Group and Xiaomi and share my views.

Transaction detail

What I want to share with you today is the transaction I made on September 30. The details are as follows:

Bought stock

Alibaba Group Holding Ltd (9988) 52-week stock chart
Alibaba Group Holding Ltd (9988) 52-week stock chart
Image source: http://www.aastocks.com/en/stocks/quote/detailchart.aspx?symbol=09988

Bought stock

  • Xiaomi Corp (HK stock code: 1810)
  • Quantity: 1000 shares
  • Bought price: HK$22 (The short put option was executed to buy at this price, see this article in details.)
Xiaomi (1810) 52-week stock chart
Xiaomi (1810) 52-week stock chart
Image source: http://www.aastocks.com/en/stocks/quote/detailchart.aspx?symbol=01810

Reasons to buy 9988

Today, Alibaba’s stock price fell to the recent low of the level of HK$140. I think the stock price is attractive. With the funds freed up by selling off ARKG and Didi just a few days ago, I think that in contrast Alibaba’s long-term investment value will be much more attractive at the current price. So I believe it is a better choice, and it will have more chances to bring higher returns. As an investor, what we should always do is as simple as continuing to take advantage of the bargain and avoid market noise and wait for the company to grow and eventually share its economic results.

Successful investors should do in most of the time is just to wait patiently. However, most of the participants in the stock market are just doing the opposite. They always feel that they should buy and sell non-stop every day, they just feel guilty if they don’t do it for a day. They feel that if they want to achieve good results in their investment, they cannot be lazy, and must continue to do it diligently. But the facts have proved that this kind of ins and outs are actually the same as entering the casino to gamble. You may win once or twice, but in the long run, you will inevitably lose in most of the times. In the end, you will always be defeated and leave. So, don’t overestimate yours lucks. Therefore, I have always believed that finding a good company is definitely more important than finding a good price. Although these are all the same old sayings, I think this is exactly the truth of investment, and I hope to inspire you a little bit.

Reasons to buy 1810

As mentioned above, the purchase of Xiaomi this time is due to the short put option that opened earlier and was executed at HK$22, but by coincidence, the closing price on the expiration date (September 29, 2021) coincided with the exercise price of the short put at HK$22. I have never tried this situation. I thought it would not be executed because the opponent (that is, the one who did the long put) would sell at HK$22 when the put was executed. Then, he would get no profit from me since the selling price is the same as if he sold in the market. However, it turns out that this situation will also be executed. However, I am satisfied to increase my holdings of Xiaomi at this price.

Comments and sharing

If you have any questions, please feel free to leave a message or comment below, I will reply you. Or if you find anything incorrect in the article, please let me know and learn from you. If you find it interesting or it may help you in any sense, please share with other people.

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