Symbol: BABA
This will be the largest IPO ever. Little bit of uncertainty dealing with a company from China but I don't think any analyst doubts its growth upside. Opening price around $68, all reports say it will bust 100 tomorrow. I have a limit order @ $85...probably wishful thinking.
seriously.... wrote:
Symbol: BABA
This will be the largest IPO ever. Little bit of uncertainty dealing with a company from China but I don't think any analyst doubts its growth upside. Opening price around $68, all reports say it will bust 100 tomorrow. I have a limit order @ $85...probably wishful thinking.
Mark Mobius is not a fan.
http://www.marketwatch.com/story/alibabas-structure-is-dangerous-mark-mobius-2014-09-18Dip on the first day, rise for a while, crash with everything else
Mobious is pushing Emerging Markets, what recourse do you have if things go bad in Nigeria? I knows there's risk and I don't typically put much stock in Jim Cramer but he makes a lot of good points. I've been screwed over by plenty of US companies over the years, I never had recourse. The valuation alone is enough reason to buy but chances of an investor like me buying under 100 ain't happening anyway.
Minister of Truth wrote:
Dip on the first day, rise for a while, crash with everything else
0% chance there will be a dip, no question it's going to rise, a crash remains to be seen.
For the record I bought at 92.48 and 92.50. I'm betting on the growth.
Gives you an idea on profit margins on some products you buy retail.
shoes ranging from $3 to $20 a pair to make with something like 800 pairs minimum quantity. Sell it for $120 = profit!
$231bn!!! The whole world has lost it's marbles!
seriously.... wrote:
...The valuation alone is enough reason to buy but chances of an investor like me buying under 100 ain't happening anyway.
Great call.
Is there a rule against attaching a helium balloon to yourself while running a road race?
How rare is it to run a sub 5 minute mile AND bench press 225?
Jakob Ingebrigtsen has a 1989 Ferrari 348 GTB and he's just put in paperwork to upgrade it
Am I living in the twilight zone? The Boston Marathon weather was terrible!
Move over Mark Coogan, Rojo and John Kellogg share their 3 favorite mile workouts
Mark Coogan says that if you could only do 3 workouts as a 1500m runner you should do these