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

[eoMMan]

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]

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

 

[Smack Tripper]

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

 

[NCCommish]

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

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

 

[Steve Tasker]

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

Nice use of this gif.

 

[guru_007]

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.

 

[eoMMan]

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.

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

 

[Skylord]

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

 

[Drifter]

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

 

[Drifter]

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

Crazy.

 

[Drifter]

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

 

[Drifter]

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

 

[eoMMan]

I'm in!

Got in at $91.05/share

:gonnamakebillions:

(of fractions of cents)

 

[Drifter]

I got in for a small taste at 90.20.

 

[saintfool]

YHOO not seeing any bounce here.

 

[Arizona Ron]

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

 

[Ditka Butkus]

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.