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.
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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