BABA is dead money
BABA has broken support, emerging markets at near this years lows, and this stock is completely dead money for a few months. Technology sector has been amazing this year but now its time to cash in! and diversify your holdings. Technically this stock looks retarded. It has broken really the only support that I can see on the chart. I would be not be surprised if this fell 30%-40%. Nevertheless, this would be a good thing because we will be able to buy it much cheaper and then you can ride the next wave higher?!?!? (Lots of money in future, but not right now). Have comments? I didn't think so. Peace
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