Tuesday, January 6, 2015

$BABA Shares are Rising Today - Alibaba

Today, shares of Alibaba are rallying.  This is great news because the stock has remained dormant since its post IPO run up.

A bright sign is that its stock price has held up over $100 per share, which lends credence to the fact that its rise from its IPO price reflected shares being undervalued at that point.

In my opinion, it will rise above $115 per share this year and I expect it to go to at least $120 per share.

Disclosure, long BABA.

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