Abstract: Explain the reasons of buying HK stock Alibaba Group (9988) and share my views.
Transaction detail
What I want to share with you today is the transaction I made on March 15. The details are as follows:
Bought stock
- Alibaba Group Holdings Ltd (HK stock code: 9988)
- Quantity: 100 shares
- Bought price: HK$71.25
- Commission fee: HK$31.06
Image source: http://www.aastocks.com/en/stocks/quote/detailchart.aspx?symbol=09988
Reasons to buy Alibaba
Today, Alibaba’s share price continues to break low. I bought it at the closing price of HK$71.25, which is about 15% lower than when I increased my position yesterday. I think it’s time that the market is almost extremely panic about Chinese stocks, so I choose to continue to add positions silently and wait for a rebound.
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.
