Update: Mr. Alibaba Is Exhausted

Update: The pick on Monday, 11/3 did quite well peaking today at $119.45. Earnings for Alibaba were well received by Wall Street. The IPO was such a big deal on its debut that the first earnings report surely could not disappoint. That would mean the market is "Whacky" and we all know it's not, lol. This BABA party is now officially over as we will be moving on to the next stock pick. Here is a glimpse of the original trade play and today's look. 

 

 

 

DISCLAIMER:  MOJO Day Trading, or any of its employees, contractors, or shareholders or affiliates are NOT an investment advisory service, nor a registered investment advisor or ...

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Michele Grant 9 years ago Member's comment

I think it's just catching its breath. The EOY rally will let it ride on the coattails of the market.