Shares of Alibaba, ticker symbol BABA, have stalled recently from the gains it was piling up a month or two ago. If it follows in the footsteps of FB, it will take awhile to start racking up significant gains from the IPO price.
I think Alibaba is poised to benefit from strong sales growth, and that the large majority of this is not yet priced into the stock. I am glad to hold my long position in BABA because I am confident that it will increase in price over the long term.
I think Alibaba is poised to benefit from strong sales growth, and that the large majority of this is not yet priced into the stock. I am glad to hold my long position in BABA because I am confident that it will increase in price over the long term.
No comments:
Post a Comment