To those asking, here is how to convert the $BABA shares HK price to the US price:
- 1 US share can be converted into 8 HK shares at any moment
- USDHKD exchange rate: 7.77
- Conversion ratio = 8 / 7.77 = ~1.03
So just multiply the HK price by 1.03:
137.0 x 1.03 = 141
141!🔥
$BABA
$117 is the magic number. It is also the last price Charlie Munger bought the stock at.
He was never wrong, he was just too early.
Once we surpass this number, we’ll officially be in bullish territory.
The implications of this rare appearance by $BABA founder #JackMa at @AntGroup 20yr anniversary AND with a speech talking up the potential for #AI in China are nothing short of far-reaching. I don't know if this will be the turning point that ushers in the fintech giant's IPO in @HKEXGroup and the mainland (possibly via the STAR Market). But I'd be surprised if there wasn't a big development on this front in 2025. https://t.co/bNsxlSbuOY #StocksToWatch
Ant Group gets new CEO as billionaire founder Jack Ma talks up AI in rare appearance https://t.co/1WxKxohwP3
Para quien sea que necesite leerlo:
¡Ánimo, chingada madre, todavía puedes otro round!
Que DIOS me los bendiga y que lo que sea que necesiten en el alma, lo consigan pronto