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re: Alibaba IPO

Posted on 9/19/14 at 8:54 am to
Posted by Lsut81
Member since Jun 2005
80056 posts
Posted on 9/19/14 at 8:54 am to
quote:

I put an order in for a small amount but I doubt it gets filled.


I know for a fact that yours won't get filled at the IPO price, those shares go to the brokerage houses best customers. So people that have millions upon millions invested with them.
Posted by OnTheBrink
TN
Member since Mar 2012
5418 posts
Posted on 9/19/14 at 8:56 am to
quote:

know for a fact that yours won't get filled at the IPO price, those shares go to the brokerage houses best customers. So people that have millions upon millions invested with them.


Yeah, why I bumped it up a little bit. I still doubt it gets filled. If it doesn't, may wait for some selling and get in on a dip. Usually just buy and hold but feel like getting in on some action today. And hell, if I do get in and it keeps dropping, may turn into a buy and hold for me.
Posted by Lsut81
Member since Jun 2005
80056 posts
Posted on 9/19/14 at 9:01 am to
quote:

may wait for some selling and get in on a dip.


That may be likely... It seems like all of these IPOs skyrocket up and then come back down within the end of the day or days after.

FB and TWTR both went back down below their initial offering price, although it sounds like Alibaba is a completely different beast than those two.
Posted by OnTheBrink
TN
Member since Mar 2012
5418 posts
Posted on 9/19/14 at 9:01 am to
Bumped my order to fill at $80. Still doubt it gets filled.
Posted by Ole War Skule
North Shore
Member since Sep 2003
3409 posts
Posted on 9/19/14 at 9:07 am to
CNBC just said indications were open at 80-83

still very early though
Posted by OnTheBrink
TN
Member since Mar 2012
5418 posts
Posted on 9/19/14 at 9:11 am to
quote:

CNBC just said indications were open at 80-83


Hmmmmm, may move it back down.......
Posted by Ole War Skule
North Shore
Member since Sep 2003
3409 posts
Posted on 9/19/14 at 9:24 am to
CNBC now saying 82-85....but still have too many buyers for sellers...could push to 90 before they start...sellers won't budge
Posted by Northwestern tiger
Long Island NY
Member since Oct 2005
23480 posts
Posted on 9/19/14 at 9:49 am to
at least a 100$
wait and see
i have a limit order for 88$
Posted by Ole War Skule
North Shore
Member since Sep 2003
3409 posts
Posted on 9/19/14 at 10:05 am to
89-91 is new indication
Posted by OceanMan
Member since Mar 2010
19950 posts
Posted on 9/19/14 at 10:06 am to
quote:

hat may be likely... It seems like all of these IPOs skyrocket up and then come back down within the end of the day or days after.

FB and TWTR both went back down below their initial offering price


Can't cite my source (bc i dont remember), but research indicates that this is often the case, in the short-term. Something that just stuck with me from grad school.
Posted by Lsut81
Member since Jun 2005
80056 posts
Posted on 9/19/14 at 10:15 am to
90-91, honing in on a final number
Posted by Hoyt
Alabama: The Beautiful
Member since Aug 2011
5393 posts
Posted on 9/19/14 at 10:32 am to
Not even showing up on Scottrade... can't see where it's even being traded
Posted by Lsut81
Member since Jun 2005
80056 posts
Posted on 9/19/14 at 10:34 am to
quote:

can't see where it's even being traded



Its no live yet... about 2 min away

All the brokerage houses are still obtaining their shares
Posted by OnTheBrink
TN
Member since Mar 2012
5418 posts
Posted on 9/19/14 at 10:34 am to
Cancelled my order. Will watch throughout the day.

ETA: Not that it would get filled anyways...
This post was edited on 9/19/14 at 10:35 am
Posted by Lsut81
Member since Jun 2005
80056 posts
Posted on 9/19/14 at 10:37 am to
Is Yahoo going to sell off all of their shares

CNBC anchor just said they will be selling upon opening...
Posted by Lsut81
Member since Jun 2005
80056 posts
Posted on 9/19/14 at 10:44 am to
46m buying orders at $93
Posted by Lsut81
Member since Jun 2005
80056 posts
Posted on 9/19/14 at 10:54 am to
92.70 open....


Lets see what happens
Posted by Shadowlink
The Shadows
Member since Apr 2014
1434 posts
Posted on 9/19/14 at 10:56 am to
Should be interesting to watch.
Posted by Lsut81
Member since Jun 2005
80056 posts
Posted on 9/19/14 at 10:57 am to
Up $5 over open, up 40% over IPO
Posted by Ole War Skule
North Shore
Member since Sep 2003
3409 posts
Posted on 9/19/14 at 11:01 am to
I"m in at 92.7



this is just silly

am I the only sucker?

ETA: put in a trailing stop...made at least a little
This post was edited on 9/19/14 at 11:04 am
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