Alibaba Frenzy

[frayne]

Anybody going to bite and is this IPO over hyped or what ?

 

[dallas27]

Tempted to throw in 5k. Really odd situation with so much potential, yet a very unsafe structure. Also, their site, from what i have seen, sucks.


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[Mulligan]

If I didn't know any better, the way CNBC has been lately, I would swear all publicly traded companies have been privatized and only Apple and Alibaba will be around.


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[RockyMtn]

think I will sit this one out. Too much of a feeding frenzy. If it comes back down over the next 2-3 months I might dip my toe in the water.

 

[Running_Man]

I sure wish I had some of this IPO it is indicated at opening at 80-83 just depends on your view. The key to this stock is the CEO and what you think of him. There is an advantage to having the Warren Buffet of China running your company

 

[easysurfer]

Alibaba is described and Amazon + Ebay and a little Google tossed in for good measure.

 

[Letj]

Anybody going to bite and is this IPO over hyped or what ?

I threw in $15K. I figure it won't hurt since losing $15K is not too much of a big deal for us.

 

[JoeWras]

I threw in $15K. I figure it won't hurt since losing $15K is not too much of a big deal for us.

"Awkward Wealth"?

 

[Letj]

"Awkward Wealth"?

Lol. Not by any stretch of the imagination! I don't usually do individual stocks and certainly not IPOs so I figure if I can't afford to lose it, don't do it. I will certainly have to cut out the travel budget and more if it's lost but I can live with that.

 

[Miranda]

I have a very little account at scottrade to play with as an outlet for my urge to gamble on the stock market. As a way to get in on the Alibaba action, I recently was all in on YAHOO! at $38.38 and sold at $42. The account is small so the trading fees were not insignificant. It was still a nice dinner out.

I didn't buy any Alibaba.

 

[frayne]

I threw in $15K. I figure it won't hurt since losing $15K is not too much of a big deal for us.

I thought about the same but again, I'm holding off, just too much hype.

 

[Willers]

I've dealt a little with them in my business. It is an interesting company. I could easily make a case for or against. I've sworn I would never buy another individual stock (I've proven to be really bad at it), but I may break my rules and throw in a few dollars if the hype dies off and the price drops a bit. Better odds than a lottery ticket, right? Maybe...

It will be interesting to revisit this post in 10 years and see how it worked out.

 

[Pscott2019]

I put in an IOI at Fido but did not get an allocation. No big surprise there.


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[MRG]

Yes I got one too, didn't try. I'll only play if I get in on the IPO, thats never happened.

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[aaronc879]

Am I the only one who hadn't even heard of Alibaba until earlier this week

 

[Letj]

Am I the only one who hadn't even heard of Alibaba until earlier this week

Yes

 

[Letj]

Am I the only one who hadn't even heard of Alibaba until earlier this week

Seriously, if you have teenagers chances are they've ordered from Alibaba. From what mine told me, their prices are much lower than Amazon. I think their website sucks though.

 

[aaronc879]

Seriously, if you have teenagers chances are they've ordered from Alibaba. From what mine told me, their prices are much lower than Amazon. I think their website sucks though.

No kids of any age. I'm 35 and don't order things online, even Amazon...ever. Actually I did buy 2 pairs of jeans from Walmart.com a couple years ago because they didn't have 36 inseam at the store but that's the only time i've ever ordered anything online. I seriously never heard of the company or website Alibaba until tuesday or wednesday of this week.

 

[tmm99]

Seriously, if you have teenagers chances are they've ordered from Alibaba. From what mine told me, their prices are much lower than Amazon. I think their website sucks though.

Knock-off paradise is what I've been told.

 

[Letj]

Knock-off paradise is what I've been told.

That is indeed a big problem with Alibaba but my understanding is that they've been working hard at cleaning that up.

 

[Cobra9777]

I had assumed that I would automatically own some BABA via various stock index ETFs that I own. But apparently not...

Alibaba IPO Shares in Your Fund or ETF? - Total Return - WSJ

 

[PERSonalTime]

I'll pass for now and take a look at the stock in a couple of months.


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[wingfooted]

I day traded YHOO today and made a few thou - no real interest in BABA.


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[clifp]

I have decent size position in small company that make money when Softbank makes money. In theory since Softbank owns 34% of Alibaba, today was very good day for me. In practice lots of stuff has to happened first, but I am cautiously optimistic

 

[Al in Ohio]

Why name this company after an Arabian Thief? Seems like an incredibly bad business move. People will make that subconscious connection. And turn away.


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