Abstract: Explain the reasons of buying HK stock Alibaba Group (9988) and Xiaomi (1810) and share my views.
What I want to share with you today is the transaction I made on March 4. The details are as follows:
- Alibaba Group Holdings Ltd (HK stock code: 9988)
- Quantity: 100 shares
- Bought price: HK$99.2
- Commission fee: HK$34.28
- Xiaomi Corp (HK stock code: 1810)
- Quantity: 800 shares
- Bought price: HK$13.82
- Commission fee: HK$36.37
Reasons to buy Alibaba and Xiaomi
Today, Alibaba’s share price finally fell below HK$100. I also took the opportunity to increase my holdings by 1 lot. The last time I increased my holdings was 3 months ago, and the current price has dropped by more than 11%. Although the current market expectations for Alibaba’s prospects are relatively pessimistic, I still believe that Alibaba’s long-term development will become better and better. People I know around me still use Taobao online shopping very frequently, and I personally enjoy shopping on Taobao so much and the shopping experience also feels more and more convenient. I think that if you choose to increase your positions when the market is extremely pessimistic, it is actually much safer than increasing your positions when the market is rising. So I choose to continue to increase my positions with peace of mind and hold them patiently.
In addition, Xiaomi is also seen to continue to break the bottom recently. I also continued to increase my positions while today’s sharp decline, which is about 6% lower than the last time I increased my positions. A while ago, I bought a Xiaomi 11 lite for an elderly in my family at about HK$3000. Compared to this price, I can only buy low-end mobile phones from other brands such as Samsung. After my trial use, I think this price is really competitive and cost-effective. Many people say that Xiaomi’s products have no core technology, but I have used many different types of Xiaomi products. As a consumer, I think Xiaomi’s products are really competitive and should be able to seize a certain market. Therefore, I also choose to continue to buy and hold Xiaomi with patience, waiting for the future development results of the company.
Comments and sharing
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