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09-19-2014, 07:54 AM
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#1
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Thinks s/he gets paid by the post
Join Date: Oct 2002
Location: Chattanooga
Posts: 3,892
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Alibaba Frenzy
Anybody going to bite and is this IPO over hyped or what ?
__________________
Earning money is an action, saving money is a behavior, growing money takes a well diversified portfolio and the discipline to ignore market swings.
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09-19-2014, 07:59 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Jun 2014
Posts: 1,069
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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.
Sent from my iPhone using Early Retirement Forum
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09-19-2014, 08:03 AM
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#3
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2009
Posts: 9,343
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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.
Sent from my iPad using Tapatalk
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09-19-2014, 08:04 AM
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#4
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Location: North Scottsdale
Posts: 1,545
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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.
__________________
FIRE'D in July 2009 at 51...Never look back!
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09-19-2014, 08:09 AM
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#5
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Thinks s/he gets paid by the post
Join Date: Sep 2006
Posts: 2,844
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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
__________________
But then what do I really know?
https://www.early-retirement.org/forums/f44/why-i-believe-we-are-about-to-embark-on-a-historic-bull-market-run-101268.html
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09-19-2014, 08:11 AM
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#6
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2008
Posts: 13,141
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Alibaba is described and Amazon + Ebay and a little Google tossed in for good measure.
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
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09-19-2014, 12:17 PM
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#7
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Thinks s/he gets paid by the post
Join Date: May 2007
Posts: 1,250
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 Quote:
Originally Posted by frayne
Anybody going to bite and is this IPO over hyped or what ?
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I threw in $15K. I figure it won't hurt since losing $15K is not too much of a big deal for us.
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09-19-2014, 12:27 PM
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#8
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2012
Posts: 11,702
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Quote:
Originally Posted by Letj
I threw in $15K. I figure it won't hurt since losing $15K is not too much of a big deal for us.
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"Awkward Wealth"?
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09-19-2014, 12:38 PM
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#9
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Thinks s/he gets paid by the post
Join Date: May 2007
Posts: 1,250
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Quote:
Originally Posted by JoeWras
"Awkward Wealth"?
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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.
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09-19-2014, 01:54 PM
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#10
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Dryer sheet aficionado
Join Date: May 2013
Posts: 31
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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.
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09-19-2014, 02:36 PM
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#11
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Thinks s/he gets paid by the post
Join Date: Oct 2002
Location: Chattanooga
Posts: 3,892
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Quote:
Originally Posted by Letj
I threw in $15K. I figure it won't hurt since losing $15K is not too much of a big deal for us.
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I thought about the same but again, I'm holding off, just too much hype.
__________________
Earning money is an action, saving money is a behavior, growing money takes a well diversified portfolio and the discipline to ignore market swings.
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09-19-2014, 02:50 PM
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#12
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Full time employment: Posting here.
Join Date: May 2013
Posts: 727
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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.
__________________
“If you don't do it this year, you will be one year older when you do.” - Warren Miller
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09-19-2014, 03:50 PM
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#13
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Dryer sheet wannabe
Join Date: Jan 2012
Location: McKinney
Posts: 15
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I put in an IOI at Fido but did not get an allocation. No big surprise there.
Sent from my iPhone using Early Retirement Forum
__________________
Class of 2019
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09-19-2014, 03:53 PM
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#14
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2013
Posts: 11,078
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Yes I got one too, didn't try. I'll only play if I get in on the IPO, thats never happened.
Sent from my SAMSUNG-SGH-I337 using Early Retirement Forum mobile app
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09-19-2014, 04:00 PM
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#15
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Posts: 5,350
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Am I the only one who hadn't even heard of Alibaba until earlier this week 
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09-19-2014, 05:16 PM
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#16
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Thinks s/he gets paid by the post
Join Date: May 2007
Posts: 1,250
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Yes 
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09-19-2014, 05:19 PM
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#17
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Thinks s/he gets paid by the post
Join Date: May 2007
Posts: 1,250
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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.
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09-19-2014, 05:31 PM
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#18
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Posts: 5,350
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Quote:
Originally Posted by Letj
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.
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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.
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09-19-2014, 05:39 PM
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#19
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2008
Posts: 5,214
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Quote:
Originally Posted by Letj
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.
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Knock-off paradise is what I've been told.
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09-19-2014, 08:07 PM
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#20
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Thinks s/he gets paid by the post
Join Date: May 2007
Posts: 1,250
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Quote:
Originally Posted by tmm99
Knock-off paradise is what I've been told.
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That is indeed a big problem with Alibaba but my understanding is that they've been working hard at cleaning that up.
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