BABA - making a long term bet on China.

If Charlie Munger is doing it, then I am doing it :)

Obviously we all know how badly Chinese stocks have performed this year, mainly due to government intervention. This brought a lot of the stocks down.

Charlie Munger is a huge fan of BABA and you could look into that.

I feel like this is a good holding.

I do want some exposure to the long term buy and hold style of investing and this is what this is.

I am willing to average down over time, doing exactly what Munger has been doing.

I would look to get minimum 2x return to sell. Unless at that point I want to add more.

For an instance, I only purchased three shares at a cost of 480. I would sell when I am at 960.

Having said that. There are places on the chat where I would buy more. This represents 1/3 of the position I am willing to open.

I would average down at major lines of support. buy more if we are breaking above long term trend lines with good economical conditions in China.

I feel like this trade is a safe bet on the Chinese economy. And while China runs differently than North America, it will still have a large interest in having a strong economy that surpasses Americas.