China is Cheapest Dice Roll

Nothing is cheaper than BABA, if we are to believe the numbers they post. Trading at under 4x sales, BABA is 40% below its 3yr PS average. Taking into account their growth rate, the stock is a double from here — providing the Chinese government doesn’t execute Jack Ma.

Aside from BABA, there is a sundry of discounted names of substance, such as FUTU, BEKE, JD, VIPS, TME, BIDU, BILI and NTES. There are more and I’m sure the smaller ones will offer greater potential returns. However, and this should be clear to you now, I only bet on sure things.

I have BABA June 22 calls on both 175 and 185 strike. I rarely play options, perhaps once per two years due to an acute options gambling affliction, but I made an exception with this one particular stocks due to extreme conviction and my unbridled greed and avarice for money.

The other positions I own are in fact transitory, temporary phenomenons that appear like apparitions in my account and get ZAPPED out when they satiate my short term demands.

+90bps with 40% cash and two hours left to trade.