Alibaba (BABA)....anyone buying some today? (1 Viewer)

E

eoMMan

Footballguy

• Sep 19, 2014

• #1

Looks like you can start buying Alibaba stock today. They're the Chinese e-commerce company. Sort of like a eBay/Amazon in China. Supposed to be huge and still growing.

http://money.cnn.com/2014/09/18/investing/alibaba-ipo-price-68-dollars-jack-ma/index.html?iid=Lead

$68 for the IPO price

http://media.giphy.com/media/Htrxz6kRzRlQI/giphy.gif

 

NCCommish

Footballguy

• Sep 19, 2014

• #2

Bigger than Ebay and Amazon combined with over 170 billion in sales.

 

S

Smack Tripper

Footballguy

• Sep 19, 2014

• #3

So what's the price before the public can buy, 130?

 

NCCommish

Footballguy

• Sep 19, 2014

• #4

Smack Tripper said:

So what's the price before the public can buy, 130?

Click to expand...

Looking like 83 right now for first trade. But we are still an hour from first trade I think.

 

Steve Tasker

Footballguy

• Sep 19, 2014

• #5

eoMMan said:

http://media.giphy.com/media/Htrxz6kRzRlQI/giphy.gif

Click to expand...

Nice use of this gif.

 

G

guru_007

Footballguy

• Sep 19, 2014

• #6

hmmm, unregulated Chinese accounting measures. The fact China doesn't allow foreign ownership of their companies, so you'll actually not even be owning the company? I think I'll pass, although the irrational exuberance surrounding this ipo does interest me.

 

E

eoMMan

Footballguy

• Sep 19, 2014

• #7

guru_007 said:

hmmm, unregulated Chinese accounting measures. The fact China doesn't allow foreign ownership of their companies, so you'll actually not even be owning the company? I think I'll pass, although the irrational exuberance surrounding this ipo does interest me.

Click to expand...

It's definitely more of a trade than an investment, imo.

 

Skylord

Footballguy

• Sep 19, 2014

• #8

Now 84 to 87. It will be above 90 before it pops

 

Drifter

Footballguy

• Sep 19, 2014

• #9

Trading now. Pushing $100 and 100MM volume in just minutes.

 

Drifter

Footballguy

• Sep 19, 2014

• #10

And starting to come back down as people take millions of profits in a few minutes of trading.

Crazy.

 

Drifter

Footballguy

• Sep 19, 2014

• #11

Looks like it's going to settle in the $92-$94 range

 

Drifter

Footballguy

• Sep 19, 2014

• #12

Ruh Roh. Volume picking up, price falling. 90 and change.

 

E

eoMMan

Footballguy

• Sep 19, 2014

• #13

I'm in!

Got in at $91.05/share

:gonnamakebillions:

(of fractions of cents)

 

Drifter

Footballguy

• Sep 19, 2014

• #14

I got in for a small taste at 90.20.

 

saintfool

Dead sexy

• Sep 19, 2014

• #15

YHOO not seeing any bounce here.

 

Last edited by a moderator: Sep 19, 2014

Arizona Ron

Footballguy

• Sep 19, 2014

• #16

They have some stigma of being the place to by knock-off stuff.

 

D

Ditka Butkus

Footballguy

• Sep 19, 2014

• #17

All of the upcoming lead paint lawsuits from shipment of tainted products will drive the prices thru the floor. Also I don't want to see any of you in other threads #####ing when the Chinese take over as the Worlds #1 Super Power.