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re: Alibaba IPO
Posted on 9/16/14 at 8:56 pm to jso0003
Posted on 9/16/14 at 8:56 pm to jso0003
quote:
I'd be skeptical at that price, China and Jack Ma are SHADY as shite....
Valid points, but any more so than zuckerberg? Heck, amazon still isn't making a profit.
regardless, it's not whether the deal is real, it's whether the market thinks it's real, at least in the short term. It may flop, but i think big money feels like they 'have' to be in the deal and the banks have to make it work after recent IPO fiascos.
A gamble for sure though
1
Posted on 9/17/14 at 10:24 pm to Ole War Skule
I have put a limit order in for first day trading through etrade at 20% above the $68 IPO hoping it doesn't start over that. I'm not flipping. I've been waiting on Alibaba since about 2009 and bought YHOO back then because they owned over 40% of BABA at the time and I hoped it would pay off. They have since sold about 20% back to BABA which they regret now. I'm not as concerned as others about government issues. I've owned china based BIDU for years and it's gone from $31 (after 10/1 split) to $219 as of today.
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