Alibaba: We've Reached The Bottom, The Time To Buy Is Now

Summary

  • There’s an indication that the political pressure from Beijing against Alibaba is likely going to ease in the following quarters.
  • Alibaba has more than enough catalysts that should help it to create additional shareholder value in the foreseeable future.
  • We believe that Alibaba’s stock has reached its bottom and recently we opened a long position in the company.
  • Looking for a helping hand in the market? Members of Best Short Ideas get exclusive ideas and guidance to navigate any climate. Learn More »

China-Based Internet Company Alibaba Debuts On New York Stock Exchange
Andrew Burton/Getty Images News

Alibaba’s (NYSE:BABA) stock went for a rough ride in recent months, as the company was accused of supposedly abusing its market dominance and was fined $2.8 billion by Chinese regulators. However, we believe that as the fine is

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Bears of Wall Street is a community of traders and financial analysts, who take a pragmatic approach to valuing companies. The majority of our articles have bearish sentiment and reflect our short stance on the market. Our investments include short sales of common stock. If you liked our writing style and our view on the market – don’t forget to subscribe. If you have questions – feel free to ask them via direct messaging or through the comment section.

Disclosure: I/we have a beneficial long position in the shares of BABA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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