Should I buy Alibaba now? Seeing many buy ratings on it. The stock is around high $180+ now, do you think it will go back into $200s like last year or is this the highest it will go? - Seedly
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Anonymous

Asked on 22 Mar 2019

Should I buy Alibaba now? Seeing many buy ratings on it. The stock is around high $180+ now, do you think it will go back into $200s like last year or is this the highest it will go?

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Junus Eu
Junus Eu
Level 9. God of Wisdom
Answered on 03 Dec 2019

While it's enticing to be enouraged by Buy Ratings, know that analysts will hardly ever put a sell rating.

I would go back to the fundamentals - read their annual reports, track their targets and form your own conviction on whether or not it is indeed a buy for you.

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Frankie Rappaport
Frankie Rappaport
Top Contributor

Top Contributor (Aug)

Level 9. God of Wisdom
Answered on 27 Jan 2020

Don't buy single stocks.

get VOO, VGT, CQQQ and some physical gold.

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If I were to buy Alibaba, I would take a position that I can afford to lose.

We won't know how stocks move, so best to do your own diligence and decide if it fits your requirements and criteria before going in. Size your position correctly, and even if the worst occurs, you won't be burnt.

Don't throw everything including the kitchen sink in.

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Bjorn Ng
Bjorn Ng
Level 9. God of Wisdom
Updated on 03 Dec 2019

Straight answer? No. Buy ratings are just to influence you to buy. It's your own money - you gotta build your own conviction before purchasing any stocks, and that is through fully understanding the business.

No one knows whether it will stay @ $180, go up to $200 or even down to $150. I personally did not (and will not) invest in Alibaba, but if you have done your valuation homework, and not overpay for a stock, you'll be fine.

"Price is what you pay, value is what you get."​​​

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Benefit of hindsight - Alibaba's secondary listing in HK was a great success today (Nov 26) and on US open looking like firm support at $190 level; so perhaps $200 possible this year...

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