ultimately i think i would be better off buying into a jewish ponzi scheme in new york than a chinese digital capital network in bejing. i can't even pronounce remnibi.
anyone wanna buy this when it come out on monday?
ultimately i think i would be better off buying into a jewish ponzi scheme in new york than a chinese digital capital network in bejing. i can't even pronounce remnibi.
100g
Maybe so, maybe so. Us little people rarely do well with IPOs anyway, all the big boys already got in beforehand, and IPO prices usually take a dive immediately post-IPO and don't come back up for awhile. As far as that complicated foreigner currency word, b, spelling it a little differently would likely help with the pronunciation.
yuan. there, is that better?
don't forget that alibaba is an online shopping, trading/banking, payment network. all digitally based out of china, one of the world's foremost transparent capitalist markets, right? and it's named for a famous arabian knights story, alibaba and the 40 thieves.
the sarcasm and setup of the con is almost too hard to resist. you stick your money/digital credits in that one and they will at some point disappear.
100g
This is actually one IPO that I'm looking forward to. Gonna get me some BABA, baby, and I ain't talkin' 'bout no black sheep.
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I'm think n bout some of dat myself. Hope it comes out in the mid 60s
That would be nice. More likely $75-$85 for us peons.
Tom
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I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Search seeking alpha and find the US commission eport on Alibaba and the other VIEs offered. Scary stuff! I doubt it has any short term issues but long time investing in any of these VIEs is down right scary!
when I am thinking about biting on this one. Is there a specific time?
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Not that any regular investor will get BABA at $68, but, Alibaba Group Holding priced its initial public offering at $68 a share, the top end of the expected range, raising $21.8 billion on Thursday.
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It would be nice if we get a Facebook-like reaction and it sells off initially... but I don't think this one will do that. It is very popular but not quite as hyped as Facebook's IPO a couple of years ago.
If I can get it for less than $75 I will jump in. No real fundamental reason. I just hate to over pay for anything.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
How is Alibaba allowed to be publicly traded with this kind of business going on, on their sites?
Alibaba has a major counterfeit problem - Sep. 11, 2014
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