Monday, October 27, 2014

Shares of Alibaba Move Sharply Higher Today

As I predicted, shares of Alibaba are moving higher.  Today, BABA closed at $97.79 per share, and headed into its earnings report things are moving nicely for the company.  Its 52 week high is just under $100, and I expect Alibaba stock to test that high here very soon, possibly tomorrow.  I rate BABA as an excellent buy, however I do not have a position in BABA.

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