Vegas Free-for-All - Who is buying Alibaba ?

Who is buying Alibaba ?

pjstroh

Sep 17, 2014
3:08am

Its being called the biggest IPO ever this Friday. I've been to their website and it looks like a bunch of flea-market crap but their sales are bigger than Amazon/Ebay combined (or so they say).

Bought some YHOO last month as a way to play it through the backdoor. Dont plan on holding long after the IPO.

weggie44

Sep 17, 2014
4:23am

Block User

I don't think there's a chance in hell of a little guy like me to get in anywhere near the low end of the IPO ($60)I thought about selling my personal IPO gold mine.......DNKN (dunkin doughnuts) which I bought a couple of years ago and trying to buy some alibaba but I just cant pull the trigger on my beloved DNKN. The really bad part is, I am pretty sure I am going to watch this one go to $100 or more without me!
Good luck to those who do try to get in!

weggie

chefantwon

Sep 17, 2014
9:43am

Block User

Quote

Originally posted by: weggie44
I don't think there's a chance in hell of a little guy like me to get in anywhere near the low end of the IPO ($60)I thought about selling my personal IPO gold mine.......DNKN (dunkin doughnuts) which I bought a couple of years ago and trying to buy some alibaba but I just cant pull the trigger on my beloved DNKN. The really bad part is, I am pretty sure I am going to watch this one go to $100 or more without me!
Good luck to those who do try to get in!

weggie

There isn't a snowballs chance in hell in getting any hot stocks at their IPO price. The investment bankers and major investors will have already purchased shares long before the market opens. Unless you have a few hundred million $ AND some serious connections at the NYSE.

rdwoodpecker

Sep 17, 2014
10:56am

Block User

May perform much like a lot of initial offerings, come out with a bang and then in a couple of months settle down to a more sustainable price. I would not chase it, let the price retract some after the excitement quiets some.

jatki

Sep 17, 2014
1:01pm

Block User

I had gotten in on an IPO years ago with my TD acct. Am I only not a whale, I'm not an appetizer for a minnow.I was doing a massive amount of trades tho. I think it was ticketmaster I got in on. I think I will inquire and see if any's been made available, I'm curious now.

Don

Sep 17, 2014
9:52pm

Block User

Some insights into the company from International Business Times :

"Alibaba Group Holding Ltd. was founded in 1999 by flamboyant entrepreneur Jack Ma, who last week celebrated his 50th birthday. Think of it as Amazon, eBay and PayPal rolled into one. Alibaba.com connects buyers and sellers of industrial and commercial goods and services in China. Its Taobao unit is the country’s largest online shopping portal, and its Tmall group is China’s biggest business-to-consumer platform.

In the second quarter, Alibaba posted revenue of $2.5 billion, up 46 percent from the previous year."

Boilerman

Sep 18, 2014
12:49am

Block User

I recently received my first request to sell a commodity chemical through Alibaba. I was not comfortable participating in the bid, however, as they offered little information regarding the potential buyer of my hazardous chemical.

Potential liability and limited profit potential caused me to ignore the opportunity. I likely could have put some effort into the project and eliminated the liability concern, but the small profit didn't justify the time.

Quote

Originally posted by: DonDiego
Some insights into the company from International Business Times :

"Alibaba Group Holding Ltd. was founded in 1999 by flamboyant entrepreneur Jack Ma, who last week celebrated his 50th birthday. Think of it as Amazon, eBay and PayPal rolled into one. Alibaba.com connects buyers and sellers of industrial and commercial goods and services in China. Its Taobao unit is the country’s largest online shopping portal, and its Tmall group is China’s biggest business-to-consumer platform.

In the second quarter, Alibaba posted revenue of $2.5 billion, up 46 percent from the previous year."

pjstroh

Sep 18, 2014
5:12am

Block User

Quote

Originally posted by: Boilerman
I recently received my first request to sell a commodity chemical through Alibaba. I was not comfortable participating in the bid, however, as they offered little information regarding the potential buyer of my hazardous chemical.

Potential liability and limited profit potential caused me to ignore the opportunity. I likely could have put some effort into the project and eliminated the liability concern, but the small profit didn't justify the time.

Quote
Originally posted by: DonDiego
Some insights into the company from International Business Times :

"Alibaba Group Holding Ltd. was founded in 1999 by flamboyant entrepreneur Jack Ma, who last week celebrated his 50th birthday. Think of it as Amazon, eBay and PayPal rolled into one. Alibaba.com connects buyers and sellers of industrial and commercial goods and services in China. Its Taobao unit is the country’s largest online shopping portal, and its Tmall group is China’s biggest business-to-consumer platform.

In the second quarter, Alibaba posted revenue of $2.5 billion, up 46 percent from the previous year."

They did a segment on CNBC yesterday saying there is significant fraud on the site. Small sellers are frequently connected with fraudulent buyers who do things like use stolen credit cards for the purchase.

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