NYSE:BABA ALIBABA GROUP HLDG LTD
A contrarian believes that certain crowd behavior among investors can lead to exploitable mispricing in securities markets.After carefully researching and doing both technical and fundamental work on this security, there a huge opportunity in this company. Yes, China slowdown will have psychological effects among traders and investors alike but this headlines may even be what you waited for long time to get in this below its IPO price for many years to come. This closed below its previous month's close nine times out of 10 times and still can continue a few more months but it looks the bottom is already printed last month. Serious technicians will look at $76.20 area for clue of change of trend but being a contrarian, I see to pick up some shares at current level or below its IPO levels. Jan 2017 80 Call has higher probability to make a huge profit which now trades below $6.30. If you like this company, you can even finance your trade by selling Jan 2017 80 Put which now trades $20. For details of this trade both risk/reward you can request through www.2waytrading.com.