Alibaba IPO

[LuckyTaxi]

So i learned that etrade allows you to trade stocks in foreign markets. Baidu and google skyrocketed and I would kick myself if alibaba did the same. I believe it's trading @ $13 right now so who knows if it'll rise.

 

[maddogchen]

huh? what? whats the stock ticker symbol?

 

[LuckyTaxi]

good question, im trying to figure it out. i cant find it.

 

[richardycc]

1688.hk?

 

[compnovice]

As of now its just trading in HK market, isn't it?

 

[LuckyTaxi]

wont be available until nov 6 and yes its only in HK market. One could buy yahoo's share since yahoo owns a good chunk of them but i prefer alibaba. etrade allows u to invest in foreign markets

 

[compnovice]

BTW, which foreign markets does eTrade allow to trade in?

Specifically, China, India, Chile and Vietnam?

EDIT: Found out "Toronto Stock Exchange, the Tokyo Stock Exchange, Euronext Paris, the Hong Kong Stock Exchange and the London Stock Exchange."

 

[LuckyTaxi]

canada, france, germany, hong kong, japan and uk

 

[Aimster]

alibaba?

what do they do? I would love to tell people I own stock in a company called alibaba

 

[magomago]

does scottrade allow access to foreign markets?

 

[FoBoT]

never heard of it

 

[mugs]

WTF is Alibaba?

 

[ponyo]

Originally posted by: mugs
WTF is Alibaba?

Doesn't matter what it is. It's Chinese Internet IPO stock and that's all you need to know. Japanese had their bubble in the 80's. We had it in the 90's. China has it now.

During the Dot Com go go days, I was buying stocks without knowing anything about it too. I even owned stock in a company called "Be Free." I made lot of money on that stock. I sold it to some sucker for around $100 /shr. :laugh:

 

[imported_Lothar]

HPQ is still my tech stock of choice...

 

[Syringer]

http://www.bloomberg.com/apps/...SkO1zZWX.hI&refer=asia

It's tripled since opening..another missed opp.

 

[ponyo]

Originally posted by: Syringer
http://www.bloomberg.com/apps/...SkO1zZWX.hI&refer=asia

It's tripled since opening..another missed opp.

You didn't miss anything. Unless you got ipo allocation shares, you wouldn't have made triple. And you can't get shares in hot IPOs unless you're well connected or own big fund.

I guess you didn't trade during the US dotcom era. I still remember Syamore Networks IPO back in 1999. That stock was priced at $38/ shr and opened for first trade at $270/ shr. It closed at $184/ shr that day. Funds with IPO allocations flipped those shares and made a killing that day but the average joe who bought it on the open market at $270/ shr when it opened loss their shirt.

Alibaba is trash anyways. It's a B2B (business to business) internet stock. That's pure junk. I still remember B2B crazy here. Internet stock pumpers like Tokyo Joe started to recommend B2B stocks like Commerce One. Later, analysts (aka professional pumpers) jumped on the bandwagon. They were saying B2B was the future. Yeah right. Regardless, b2b internet companies like Commerce One, Ariba, and Vertical Net went crazy. I'm talking 10-20x price rise. Later bubble popped and everyone realized B2B is nothing more than a scam. Companies already do B2B and do it efficiently without some BS internet company promoting their platform.

All of this doesn't matter anyways. Etrade won't let you buy this IPO for 40 days. That's a good thing if you're an investor.

 

[Alistar7]

Originally posted by: Naustica

Originally posted by: Syringer
http://www.bloomberg.com/apps/...SkO1zZWX.hI&refer=asia

It's tripled since opening..another missed opp.

You didn't miss anything. Unless you got ipo allocation shares, you wouldn't have made triple. And you can't get shares in hot IPOs unless you're well connected or own big fund.

I guess you didn't trade during the US dotcom era. I still remember Syamore Networks IPO back in 1999. That stock was priced at $38/ shr and opened for first trade at $270/ shr. It closed at $184/ shr that day. Funds with IPO allocations flipped those shares and made a killing that day but the average joe who bought it on the open market at $270/ shr when it opened loss their shirt.

Alibaba is trash anyways. It's a B2B (business to business) internet stock. That's pure junk. I still remember B2B crazy here. Internet stock pumpers like Tokyo Joe started to recommend B2B stocks like Commerce One. Later, analysts (aka professional pumpers) jumped on the bandwagon. They were saying B2B was the future. Yeah right. Regardless, b2b internet companies like Commerce One, Ariba, and Vertical Net went crazy. I'm talking 10-20x price rise. Later bubble popped and everyone realized B2B is nothing more than a scam. Companies already do B2B and do it efficiently without some BS internet company promoting their platform.

All of this doesn't matter anyways. Etrade won't let you buy this IPO for 40 days. That's a good thing if you're an investor.

http://www.alibaba.com/

B2B has it's place in the online market, and I can't imagine a better one having a better shot at coming out on top. Today alone 34,372 new products were added from global manufactuers, about their average.

Alibaba - The world?s most-visited B2B marketplace by providing effective and trust-worthy e-commerce solutions for SME customers around the world, dominating 80% of B2B market share in China, and with over 20 millions registered enterprises, most of whom are entrepreneurs, executives and business decision makers.

 

[ponyo]

Originally posted by: Alistar7

B2B has it's place in the online market, and I can't imagine a better one having a better shot at coming out on top. Today alone 34,372 new products were added from global manufactuers, about their average.

Alibaba - The world?s most-visited B2B marketplace by providing effective and trust-worthy e-commerce solutions for SME customers around the world, dominating 80% of B2B market share in China, and with over 20 millions registered enterprises, most of whom are entrepreneurs, executives and business decision makers.

Same BS was spewed by B2B backers here. Same shit, in a different time in a different country doesn't mean it doesn't stink the same. Don't worry, B2B hype lasted about 2 years here and B2B stocks soared to crazy heights then. Alibaba will probably do the same before people realize the scam.