Take Advantage of this Irrational Weakness in JD.Com Inc Stock
In a move that didn’t make much sense to me at all, Chinese retail behemoth JD.Com Inc(ADR) (NASDAQ:JD) sold off in early Thursday trade on what were very good numbers from its peer Alibaba Group Holding Ltd (NYSE:BABA).At its low, JD stock had sunk to below $47 (it had closed at $49 and change the prior day).After digging through Alibaba’s quarterly numbers, I didn’t find any reason to be bearish on JD.
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