Replies to post #119 on Alibaba Group Holding Ltd (BABA)

[TRUISM]

The current price is between $60-$66 but once they go on the road show and if interest exceeds expectations,the price may be adjusted to reflect that.

At this point,Alibaba wants to keep the price conservative.




TRUTH

[GreenBackClub]

Stock price! On CNBC radio today, one of the guys mentioned the $60.00 - $66.00 stock price range on opening day. One of the other panelist blew him off and said it would probably end up being in the $80.00 - $90.00 range by the time the road show ends! Wow!!!


Speculation is rampant right now. If you take @$21B IPO and look at the number of shares that will be issued (@320ml) it does come to the @$60-$66 PPS. Could it reach the $80-$90 PPS range? Sure!

Watch the week following the IPO where the PPS will be. I think it's going to SOAR and then come back down to earth (which is when people should scoop some shares up).

Tons of potential here folks.