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Alibaba: Why Does Smart Money Buy/Hold At ~$100? (NYSE:BABA)

Investment thesis

Recently, several high-profile investors have been buying shares of Alibaba Group Holding Limited (NYSE:BABA). As shown in the chart below, these investors include Charles Munger, the vice chairman of Berkshire Hathaway Inc. (BRK.A

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Source: Data Roma

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Source: Seeking Alpha data

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Source: Author based on Seeking Alpha data

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Source: Author based on Seeking Alpha data

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Source: Author based on Seeking Alpha data

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