Alibaba has been oversold and undervalued. It is a phenomenal conglomerate with multiple sources of revenue expanding globally, not only in Asia but in Europe as well.
When news of Alibaba being put on the US delisting hit, its share price was hammered. However this is a knee jerk reaction and created a golden opportunity to buy Alibaba at a further discount.
All eyes will be on Alibaba today as it releaseses its latest earnings report. I predict that Alibaba's share price will jump as investors sentiments are more positive due to the recent uptrend of the US markets.
I am bullish on Alibaba as it is a powerhouse and will continue to grow exponentially in the long term. Even Charlie Munger believes in Alibaba as he is still holding on to its stock. It is short term pain, long term gain!
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