Alibaba (BABA) reported earnings this week…and the numbers looked ugly at first.
Core profits cratered. EPS missed by a mile.
While most traders headed for the hills, Mike Shorr saw something hiding beneath the headlines.
Mike reveals what he spotted in BABA on the Schwab Network, and how he leveraged his findings in a timely example trade:
The analysis, insights, and strategies shared by Prosper Trading Academy’s coaches in Prosper Insider are strictly for educational and informational purposes only. All content reflects the personal opinions of the coaches and should not be construed as specific investment advice or recommendations. Any examples discussed are illustrative in nature and do not represent actual live trade signals or instructions to buy or sell securities. Trading involves risk, and individuals should carefully evaluate their own financial situation before making investment decisions.
Want more trade ideas from Mike Shorr? He launched a brand new program called the Focused Trader.
You’ll get 1-3 trade signals each week (sometimes more), all for one ticker.
One stock. One strategy.
Want to get Mike’s trade signals?
Watch this video Mike recorded with all the details and how to get started.
