08-23-2017, 08:38 AM
Alibaba has soared to stratospheric new heights this year, winning over plenty of new fans along the way. The legion of admirers now includes a handful of influential hedge fund managers, as well as the lion's share of research analysts covering the company. But as is usually the case with something wildly successful, the Chinese e-commerce giant has its fair share of haters. And those detractors have manifested themselves as short sellers, betting billions on the downfall of Alibaba's shares.
Alibaba is dividing Wall Street - Business Insider
The U.S. stock market is overbought, and the weak seasonal period is upon us. Overbought markets look for excuses to sell off. Please see “Will Trump’s lack of leadership become an excuse for a big selloff in stocks?” If the momo (momentum) crowd that has been running up this market panics and their panic results in a big spike down, it may create buying opportunities in many stocks. I often get asked: “What is the one stock to buy if the market dives?” Even though I advocate a portfolio approach, this is a legitimate question. Alibaba BABA, +2.18% stock is the one to buy. First and foremost, let me disclose that Alibaba stock is in the model portfolio of ZYX Buy Change Alert of The Arora Report, and there are nice unrealized gains on the stock.
This is the one stock to buy if the stock market crashes - MarketWatch