The ‘Jack Ma’ Offer

Much of what I write is a test of sorts to query the subconscious of like-minded peers who carry on similar pursuits to my own.  Put simply, we communicate.

After not giving my BABA trade enough risk space, I was stopped out about 0.05 from the current all time low.  Now I watch from the sidelines a bit like Smeagol.  Late in the afternoon I put forth the proposition that someone needed to 300 the ‘Jack Ma’ offer at $90 per share.  Regardless of whether the seller at $90 was Jack Ma, this is a perfect demonstration of round number psychology.  And this one is huge.

Our friends in the Far East are vital.  Grossly outnumbering us, owning all of our debt paper, they’re beating us at our own game.  But we still have something they don’t—the best financial system, a real stock market. This is biggest IPO [sic].  People are suddenly realizing you don’t have to buy a shipping container’s worth of goods to outsource that shit.  Cotton is headed lower, they know it, where else do you anticipate us purchasing are clothing from?  Los Angeles?

Eyes are on BABA, busy eyes who can only monitor bigger ideas, like $10 dollar increments, especially an increment just below the wonderfully curved $100.

This is how psychological levels work.  Nothing I stated above matters.  The world exists however we choose to project upon it.  But trading with good form is just cold, dead, numbers and us, we are just bags of rotting flesh.  Try to see it.

Have a great weekend friendos