Fundamentals:
* BABA has been underperforming (in comparison to US companies positively affected by the COVID 19)
* Potical uncertainties (trade war), Chinese companies scandals (ex. LK), have deterred BABA from making all time highs, unlike Amazon.
* These factors cause low multiples.
* Healthy company, with strong growth. Big player in AI/Cloud, where gold mines of the futures lie.
Technicals:
* Amidst legislation that would allow delisting of Chinese companies yesterday, stock fell, but quickly regained.
* High volume buys yesterday suggest current level is attractive.
Earnings:
- highly likely to beat, by a large margin - more buying should ensue.
- Price unlikely to fall much regardless of market reaction to guidance.
- Given likely a large upward move, and an unlikely drop after earnings, $220 is a great price to buy.
- Worst case scenario: price fails to break $220 on earnings, close out even or at a very small loss.
$220 is a level that will unlikely to be revisited if BABA breaks upwards.
Price Target: $380 -$460
手動結束交易
Alibaba beat earnings. Political uncertainties magnified by news today. 212 to 200, a 6% loss.註釋
BABA still considered a good long term play.
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