NEW YORK (TheStreet) -- Alibaba is expected to bring in revenues of $8 billion on China's Single's Day. But since so many investors are expecting great things from the company, does it make this a sell-the-news situation? "No, absolutely not," Tim Seymour, managing partner of Triogem Asset Management, said on Monday's CNBC episode of "Fast Money." This is a "monstrous event" and Alibaba is likely to exceed expectations, he said.