If immediacy bias represents an upside catalyst for publicly-traded securities, Alibaba (NYSE:BABA) deserves special attention. Against both wider fundamentals as well as company-specific tailwinds, BABA stock appears poised for significant gains following a rough year. However, the damage that its home nation of China inflicted regarding its zero-COVID policy may be too much for Alibaba to overcome. Thus, investors should consider selling BABA stock into strength. For those that plan on exiting the Chinese e-commerce giant, they’re going to need to think quickly. The company will disclose its results for its fiscal second quarter on November 17.
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