20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
T. Rowe Price
The largest mutual fund owner of Alibaba shares is the T. Rowe Price Growth Stock Fund (MUTF: PRGFX). The fund owns 2.20 percent of Alibaba shares, totaling 3.03 percent of fund assets. Even though that is a fairly sizable holding, Alibaba shares outstanding equal nearly 2.5 billion.The T. Rowe Price Growth Stock Fund holds mostly domestic large-caps, but when a high-profile offering like Alibaba comes around, many funds – even those that typically invest in other asset classes – get in line for shares. Alibaba doesn't even rank among the fund's largest holdings, all of which are large, U.S. based firms, including Amazon.com, Inc. (NASDAQ: AMZN), Priceline Group Inc (NASDAQ: PCLN) and Google Inc (NASDAQ: GOOGL)(NASDAQ: GOOG).American Funds
Another actively managed, large fund with a significant Alibaba holding is American Funds The Growth Fund of America(R) Class A (MUTF: AGTHX). As the name suggests, this fund has a domestic focus, but current holdings include 8.4 percent non-U.S. stocks. Top holdings in this fund include Amazon.com, Gilead Sciences, Inc. (NASDAQ: GILD), Google, Home Depot Inc (NYSE: HD) and EOG Resources Inc (NYSE: EOG).20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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