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I'm just going to come right out and say it, folks: I love Chinese tech giant Alibaba Group Holding Ltd. (NYSE: BABA).
I mean, come on, what's not to love?
Not only has it been beating the heck out of Chinese tech stocks, but the price right now is absolutely irresistible. Yes, you guessed it: it's a total "buy" in my book. I've been saying for a while that I like buying these big Chinese mega-cap tech stocks on huge dips. And now here we are.
In fact, I'm willing to play all of them simply because I'm a risk-taker.
Speaking of risk, there's another giant tech stock that's taken a nasty hit as result of all the headlines it's been making recently. But I say it's a "buy," and it looks even more attractive at these current price levels. Not only does it have great metrics and a whole boatload of money, but it's simply too big to fail.
Bottom line - when certain stocks get hit like this, you have to jump in and make a play because there's an opportunity there you don't want to pass up.
And for those who like to play it a little safer, I'll show you the exact move to make to protect your position.
Here's the ticker...
While buying these mega-cap stocks on a dip is a profitable move, there's an EV stock I think you need to know about that's just $2 - two bucks. It's been on a classic tear - a stellar 1,147% run over the past 12 months. Right now, it's looking to list shares on a big American exchange. If they're successful at listing, the stock could potentially go on another 1,147% run over the next 12 months - that might mean a $20 share price at some point during that time. Details on that for you here.
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About the Author
Shah Gilani boasts a financial pedigree unlike any other. He ran his first hedge fund in 1982 from his seat on the floor of the Chicago Board of Options Exchange. When options on the Standard & Poor's 100 began trading on March 11, 1983, Shah worked in "the pit" as a market maker.
The work he did laid the foundation for what would later become the VIX - to this day one of the most widely used indicators worldwide. After leaving Chicago to run the futures and options division of the British banking giant Lloyd's TSB, Shah moved up to Roosevelt & Cross Inc., an old-line New York boutique firm. There he originated and ran a packaged fixed-income trading desk, and established that company's "listed" and OTC trading desks.
Shah founded a second hedge fund in 1999, which he ran until 2003.
Shah's vast network of contacts includes the biggest players on Wall Street and in international finance. These contacts give him the real story - when others only get what the investment banks want them to see.
Today, as editor of Hyperdrive Portfolio, Shah presents his legion of subscribers with massive profit opportunities that result from paradigm shifts in the way we work, play, and live.
Shah is a frequent guest on CNBC, Forbes, and MarketWatch, and you can catch him every week on Fox Business's Varney & Co.
