Alibaba IPO - you going to buy?

[ShivaFan]

An exciting, though perhaps over hyped, IPO is coming, probably Sept 18, you all know what I am taking about if you are a Capitalist, and a Wall Street type like me.

And that is Alibaba (BABA). The IPO will open Sept 18th per my understanding, only 3 days away, I am already moving money to have it ready in brokerage to buy if I want to jump in. I don't need to give the background on Alibaba because most of you already know.

The opening IPO price id estimated to be between $60 dollars to $66 dollars per share, but excitement is pushing it up. So that is the allowance I am working with to pool funds and be ready. I may buy just a few, or more than a few shares.

But my question to you my fellow Capitalists is, what do you think?
Are you going to buy or considering?

Frankly, I am excited and think this might be a good move even if the initial price will be too high (later to drop, but then come back and rise above the initial price).

 

[Alt Thinker]

Good looking company but this is the kind of thing that too often gets over-speculated. Possible big jump at the beginning and a big profit taking sell off. Could easily drop below IPO price before stabilizing. People are a bit nervous about the markets these days and are torn between short term gains and the specter of a big time 'adjustment'. Lots of people could get burned.

The secret to playing the market is to buy low and sell high. But most people insist on doing the exact opposite. Of course at my age my investments are locked in rock solid no worry types. Luckily I have enough principal base to not be bothered by low yields.

 

[ShivaFan]

... price creeping up for the initial IPO. By the way, yes I would plan on holding the stock for 2 years minimum.

 

[Buttercup]

I have used Alibaba to find manufacturers to design some of the supplies I sell in my online shops.

However, until they clean up their website and make it more user friendly and easier to find the type of manufacturer one might need, I won't touch their stock.

I don't care that they're popular and supposedly up-and-coming.

I don't like their business model at this time. Their website is worse than horrible.

 

[Revoltingest]

I'm into low risk investments these days.
Keep the problem children afloat, & then when they generate cash, pay down loans.
Risk factors for another crash are still looming.

 

[ShivaFan]

oh god...

Firstly, Schwab wouldn't allow a straight market order (where you say I want to buy "n" number of shares whatever the price). Only limit orders (where you say the EXACT price per share you will buy)....

No matter what I did, starting at 69 dollars spot price, and working from there I wasn't fast enough.

I ended up with a hit at 90 dollars and 50 cents per, but swinging up to 99 and then down to 89 now it is crashing, I have already lost money.

Update - wait! Now it is 91! Making money!

 

[Buttercup]

oh god...

Firstly, Schwab wouldn't allow a straight market order (where you say I want to buy "n" number of shares whatever the price). Only limit orders (where you say the EXACT price per share you will buy)....

No matter what I did, starting at 69 dollars spot price, and working from there I wasn't fast enough.

I ended up with a hit at 90 dollars and 50 cents per, but swinging up to 99 and then down to 89 now it is crashing, I have already lost money.

Update - wait! Now it is 91! Making money!

Keep us updated, if you will. Holding stock in Chinese companies makes me nervous so if you do well in the long term, I'd like to know.

 

[sun rise]

Keep us updated, if you will. Holding stock in Chinese companies makes me nervous so if you do well in the long term, I'd like to know.

They make me nervous as well since China is a dictatorship and they manipulate economics etc as part of ruling the country.