Update: Mr. Alibaba Is Exhausted

It was Sunday night 11/2 and with upcoming earnings on Alibaba the market was calling for the "Lion to Roar". The King of the Market was sleeping since it came public and he sure delivered quite the "roar".

Update: The pick on Monday, 11/3 did quite well peaking today at $119.45. Earnings for Alibaba were well received by Wall Street. The IPO was such a big deal on its debut that the first earnings report surely could not disappoint. That would mean the market is "Whacky" and we all know it's not, lol. This BABA party is now officially over as we will be moving on to the next stock pick. Here is a glimpse of the original trade play and today's look. 

 

 

 

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