Tim Seymour on Fast Money had this to say on Baba just now, summarized:
-I’m trading it from the long side but I’m frustrated and have been wrong for 6 months, but it’s getting past the Regulator and its core biz is growing at 20% with extreme long term value multiple at 28 or 29
-.It’s been a difficult run, I’m not jumping out
-I don’t believe the Regulators want to kill a national champion … the company is saying the right things, maybe because they have to
-The uptrend needs to break 230 before you see a breakout, you have to wade through this
I agree with Tim, but the consolidation needs to occur at $240
$Alibaba(BABA)$
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