Sell a Quarter Position in Alibaba (BABA)
I’m recommending that we take a one-quarter profit in our position in e-commerce platform Alibaba Group Holding (BABA).
The stock was within a few pennies of hitting our conservative upside target at 90 today after being recommended last month in the Cabot Turnaround Letter. I still see upside potential ahead for Alibaba, but I think it’s important to take periodic profits in an ADR like Alibaba due to the opacity of doing business in China. SELL A QUARTER.
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