SINGLES DAY..JD and BABA are exploding

[METFAN]

BOTH JD and BABA are exploding today . I predict 10 to 20 percent growth by yr end. Maybe by Thanksgiving.

Singles Day is November 11th , one week away. It is a Chinese holiday that is the antithesis of Valentine's day. It is celebrated in China where single people buy themselves gifts. DO YOU KNOW HOW MANY SINGLE PEOPLE THERE ARE IN CHINA? The Chinese are experts at knocking things off. BABA is the knockoff of Amazon and JD is the knockoff of BABA. Both are shopping platforms. Last yr more people shopped on BABA on singles day then Amazon had on Black Friday and Cyber Monday combined. This yr they are expecting 50% increase. Given the Covid situation, I expect even more.BABA releases earnings tomorrow.I expect JD to flirt with 100 and BABA 325

 

[METFAN]

Jd hit a new high @90 in overnight trading

As a point of interest Walmart owns 9.8% stake in JD

Alphabet also has a relationship

 

[METFAN]

FOR THOSE WILLING TO TAKE A RISK

DEC 18 CALL OPTIONS

JD STRIKE PRICE 100 : 2.50

BABA STRIKE PRICE $315 :$855

"SHOULD" get close to strike. Expect spike when earnings come out leading into singles day

 

[METFAN]

FORGET THOSE PRICES..Will have to repost after market opens

Both exploded overnight

JD set to open @ $93.54
BABA went up 10 points over night

Another less volatile stock is ZTO . Around $30 /share it has room for 10% growth within the next few months . ZTO is the Chinese version of UPS which the next big stock I will play with.

 

[METFAN]

Surprisingly got
JD 2.55
BABA 6.55

and they apparently both dropped from the overnight numbers.Thats what sucks when u leave your phone home.

 

[METFAN]

Correction BABA was 6.80

 

[METFAN]

both crashing since Monday with Biden declaring victory but I am holding them thru next week

 

[CoachCB]

I just added a few shares at $265, figured that's a nice discount.

 

[METFAN]

It should have been a home run , but right before singles day the freaking Chinese Government announces they will be cracking down on e commerce after all the Americans bought into these 2 stocks and ten percent.

TRY TELLING ME THAT IS A COINCIDENCE....

 

[METFAN]

JD releasing 3rd Q earnings tomorrow.

Be prepared

 

[METFAN]

Sold JD to buy Disney Jan 2022 $140 options