{"id":41315,"date":"2015-06-21T22:05:26","date_gmt":"2015-06-22T02:05:26","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=41315"},"modified":"2023-04-27T05:31:52","modified_gmt":"2023-04-27T09:31:52","slug":"long-baba-again","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/long-baba-again","title":{"rendered":"Long BABA Again"},"content":{"rendered":"

BABA reported solid earnings in early May causing it to gap above 85. On Friday I got long at 85.20 with a stop below 84.50. If it can close above 87.50 next week I would be willing to hold it for a longer term move back into the 90s. Sellers are in control right now so I could get stopped out but if it can hold above 86 Monday morning I will add to the position with a tight stop.<\/p>\n

\"baba<\/a>
\n\"\"<\/a><\/p>\n

Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, and options. He has traded professionally for 18 years. His email address is: sspencer@smbcap.com.<\/p>\n

Steven Spencer is currently long\u00a0BABA, KING, LOCO, MNKD, OHRP, TWTR, WMT and short NQ, ORCL<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

BABA reported solid earnings in early May causing it to gap above 85. On Friday I got long at 85.20 with a stop below 84.50. If it can close above 87.50 next week I would be willing to hold it for a longer term move back into the 90s. Sellers are in control right now so I could get stopped … Read More<\/a><\/p>\n","protected":false},"author":143,"featured_media":41316,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,453,1373],"tags":[4491,4685],"class_list":["post-41315","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-steven_spencer_steves_blogs","category-trading_ideas","category-trading-lesson","tag-trading-idea","tag-trading-lesson"],"yoast_head":"\nLong BABA Again | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/long-baba-again\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Long BABA Again | SMB Training\" \/>\n<meta property=\"og:description\" content=\"BABA reported solid earnings in early May causing it to gap above 85. 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