Alibaba Group Holding Ltd (BABA): Yeah, I was skeptical of my friends, but...

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ThePennyDoctor

Re: foggdogg post# 490

Friday, 09/19/2014 8:31:21 AM

Friday, September 19, 2014 8:31:21 AM

Yeah, I was skeptical of my friends, but the one is a fellow tax lawyer who is not the type to fib so I believe him. He is a preferred customer, and I have heard of instances where the brokerages have relatively small lots at the IPO price to offer their core customers as a goodwill gesture. I, like you, will have to wait until the opening on the NYSE, which I am guessing will take an hour and will be $75+. I don't think I will try to flip BABA today b/c of that - I am going to play the related sympathy tickers instead (loaded up on them last night). That being said, if BABA goes as planned, I will consider loading up EOD for the typical Day 2 pop we should then get Monday.

Whoever loves money never has money enough; whoever loves wealth is never satisfied with his income. I have seen all the things that are done under the sun; all of them are meaningless, a chasing after the wind. Only trade for the sake of trading.