It's a great time to buy BABA. This is a company that generates monster earnings and has incredibly huge upside with the potential growth of Chinese mobile. RSI indicates this is way oversold on both the short and long term scale. Buy now.
Comments
Lanmar
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Absolutely disagree. Their monster earnings are irrelevant at this valuation if the bias is to the downside. I owned 1000 shares until earnings came out. I agree that over the long haul if everything is politcally sound then BABA will do very well. For now, it's technically damaged. A better spot to consider going long would be around $83. At some point it will be an excellent opportunity, but do not think the risk is worth the reward here.