Wednesday, January 7, 2015

$BABA Shares of Alibaba Retreat off of Intraday High of $104.74

Today, shares of Alibaba have come off of the intraday high of $104.74 set earlier in the day.

I believe this has been a strong move up, and it will be interesting to see if shares can break that level as the day progresses.

I strongly feel that Alibaba is very undervalued, and that rarely will you find such a solid company with unprecedented growth opportunities in a large economy.

Disclosure, I am long BABA.

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