Alibaba Group Holding Ltd (BABA)

[Santa Barbara Broker]

Have to love a company who's stock is overvalued by almost 230% and the majority of it's non Chinese citizen shareholders technically don't even own shares of the company they are invested in. BABA is perhaps worth $35 a share IF you could actually buy shares in the firm instead of de facto paper promissary notes on future earnings from a black hole of Calcutta holding company in the Cayman Islands. When this house of cards collapses it's going to make the Madoff pyramid look like a fixed high school football game....