Sunday, December 27, 2020

DLC Long Alibaba (DMBW) - Top Management ask to Lim Kopi

Every time Chinese government ask any of their companies to lim kopi, their shares always kana short down and then shoot up again after kopi drink finish.  It happens many times to companies like YZJ, EC World etc., so if you invest in Chinese firms, be aware of such volatility.

What Happened: China's State Administration for Market Regulation confirmed it started looking into Aliba's operations. Specifically, Alibaba dictates that merchants must work either exclusively on its platform or on a rival -- but not on both.

Coinciding with the antitrust probe, Chinese officials are also meeting with Alibaba's payment affiliate Ant to supervise issues related to how the company operates in a market-oriented way


Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

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