$Alibaba(BABA)$ Strong and solid! The question is, as the day progresses, will traders and investors get nervous and decide to lock in profit, as the number of eager Bull traders goes down?? I think not. This pending earnings release looks good to me, and there will be buyers looking to go Long even if they feel they are paying a premium price, as I did this morning in the pre-market to get in at $82.78. Would I be happier to get out with my fill price? Yes. But if not, I'll stay in and look for an even BIGGER profit margin tomorrow, right after earnings release...
Here's another cold and hard financial statistic that marks BABA as being a cheap and excellent Buy at these levels: "Operating Margin: 12.27%. As indicated by the Operating Margin, BABA controls its costs and expenses better than 94% of its peers."
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