in HK baba closed today 12% up and Bidu 16%. If US listings end up trending the same (even though at open they are both down at open by -5.5 and -3.5%, respectively) I will more than break even with BIDU, and will be “only” 10% down with BABA.
DCAing all these weeks have ended up making BABA my biggest holding at 450 shares, which is worth around 68K at the moment. Even though I am still bullish (from fundamental point of view), considering the still remaining uncertainty of Chinese/US relations, I don't want put that much money at risk.
Do you think that is also a good idea to trim my BIDU holding, say to max 200 shares or so, once I break even?
Baba, on the other hand, I don't have as much invested, currently holding about 380 shares, which is worth around 37K, and as I said above, will be still down by about 10% even if it goes up 12% today. So shall I wait to break even before I trim a bit, or do some damage control already even before breaking even?
Do you think that is also a good idea to trim my BABA holdings as well, say also to max 200 shares or so, even before I break even?
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