Kanon8260

Strong buy Baba buy Calls or buy stock with a stop loss

Long
NYSE:BABA   Alibaba Group Holdings Ltd.
Baba is ridiculous undervalue, is the number retail in China, yes there a lot of noise and risk, about china dispute trade future, but if you are an optimistic person, like me and buy bargains this is the time of take advatange of fear, now is more clear with the down trend is broken, honestly i really think that this stock could really boom, to $175-185 level by dic or Jan so I would buy near the many calls, if it breaks $162 level and breaks $165 it would possibly fly, i would take some limit risk dic 21-28 or Jan 18 calls $160 or Jan $165 if you are patience enough could benefit of this trade! if you are long the stock stop loss at $150 level sellet $175-180 level! Bargain!
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