DanEllsworth

Cautiously Optimistic for BABA

Long
NYSE:BABA   Alibaba Group Holdings Ltd.
BABA currently has strong support at ~180 level. This beaten-up stock has a lot of China uncertainty built into the current price, and it is an extreme discount from fair value evaluations. More turbulence in China could cause more turmoil in the future, but BABA is still a compelling long-term opportunity in the 180-190 range.