TAKE PROFITS ON JD.COM AND EXIT THE POSITION $JD $BABA #JD #ALIBABA #CHINA
This post was just published on ZYX Buy Change Alert.
JD is long from an average price of $20.30. As of this writing the stock is at $30.07. Consider taking profits and exiting the position.
This is a Chinese eCommerce company. The stock may go higher as excitement builds over the IPO of the largest eCommerce company in China, Alibaba. You may ask, “Why take profits if the stock is likely to go higher?” The answer lies is considering not only the reward but the risk. The objective is to generate high risk adjusted returns. This is one of the many, many steps being taken to reduce risk in the portfolio due to over bought market conditions.… Please click here or the title below to read more.