Wolf Money(Alibaba HK SDR 5 to 1 sold)

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I have sold my small test case for Alibaba. Main thing which prompted my selling.

1.) The rising Japanese and American bond yields. There will be sign of stress in the market if the situation prolonged. 

2.) I got a feeling the local baba is not trading in lock step with the main shares trading in HK. There is a delay to the SG shares when price of HK moved up. It is just my own feeling which might not be correct. I will preferred the share traded in HK if I ever buy back baba.

I am taking a more defensive stance on the market. The position resulted in a 3% loss. More details at the end of the month portfolio update.

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All investments is highly speculative in nature and involves substantial risk of loss. We encourage our reader to invest very carefully. We also encourage reader to get personal advice from your professional investment advisor and to make independent investigations before acting on information that we publish. Much of our information is derived directly from information published by companies or submitted to governmental agencies on which we believe are reliable but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way whatsoever warrant or guarantee the success of any action you take in reliance on our statements. All information provided are for education only. Buyer beware,do you own due diligence.



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