With production costs rising out-of-control, there's a serious shortage taking shape around the world. Good news is, it's not permanent. This is actually a short-term swing prudent energy investors can profit from. Dr. Kent Moors explains.
Shares of Alibaba Group Holding Ltd. (NYSE: BABA) slumped 2.88% yesterday and actually hit an intraday low of $80.03 – its lowest price since it debuted as a public company back on Sept. 19.
Although the intraday low is still 17.7% above Alibaba’s $68-a-share initial public offering (IPO) price, it’s now 33% below the intraday high of $120 a share hit back on Nov. 13.