Tuesday, November 11, 2014

Alibaba Sets Singles' Day Record, Stock Cools Off

Alibaba, ticker symbol BABA $BABA cooled off in share price today.  Not to worry, as it set a Single's Day record for sales in excess of $9 billion which handily beat estimates.  A correction was reasonable given that the stock has risen for more than a week.  These events are healthy for the stock long-term, as every day cannot be a rise in share price.

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