Jim Cramer never fails to give concise advice to callers during the "Lightning Round" segment of Mad Money. Tuesday evening one caller asked about Jumia Technologies (JMIA) : "I like Amazon (AMZN) and Alibaba Group Holding (BABA) , and even MercadoLibre (MELI) . Let's stick with those," said Cramer. MELI is a bit pricey for me and we looked at AMZN not long ago, so let's check in on BABA again.
On July 13 we wrote "raise sell stops to a close below $250; $280, $300 and then perhaps $393 are the price targets now." Let's see how that strategy has been working out.