I have been wrong on Alibaba (NYSE:BABA) thus far. I kept expecting the “Dogs of the Dow” theory to come into play, where underperforming, high-quality tech stocks would fetch a bid. For BABA stock — and others, like Amazon (NASDAQ:AMZN) until very recently — that hasn’t panned out too well.
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Unlike Alibaba though, at least Amazon is treading water. It even ran to all-time highs ahead of the post-earnings pullback we’re seeing now.
Alibaba’s issues are not problems....More>>>