Summary
Over the last 5 days, the market has reached a consensus of sorts on Alibaba's valuation; its value is somewhere between $90.78 and $100.88/share.
Alibaba has repeatedly traded at high volumes near both value extremes in the last 5 days, sometimes on the same day.
Alibaba's volatility makes it a great stock for short-term day or swing trading.
Money in losing positions is often called "dead money". However short-term trading around a losing position can, if executed successfully, lower a position's cost basis and generate return.
The Young Bull and the Older, Wiser Bull
Recently, I observed an old bull and a young bull grazing in a green pasture on a beautiful, sunny day. The young bull gazed towards a nearby watering hole and noticed a herd of cows had gathered there. The youngster said, "I'm going to run over and buy one of those cows a drink". The older, wiser bull replied, "I'm going to walk over and buy them all a drink".
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