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?

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.

Don't buy single stocks.

get VOO, VGT, CQQQ and some physical gold.

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.

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."​​​

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...