How many of you would jump on the Alibaba's boat?
 

The original IPO was $68. Now it is in the $90s'.

Link: http://finance.yahoo.com/news/alibab...155340142.html

Damn I wonder how hard it would have been to buy at open for <75

I don't know what any of this means.

I never buy IPOs. The insiders always get in first and drive the price up, and then small investors' orders go in at some inflated price, and then the price goes back down. Does anyone make money buying first-day IPOs other than the Wall Street insiders?

If you can get an IPO allocation then you can make money. If your broker of choice is part of the selling group then you can request an allocation. This doesn't mean you're guaranteed to get it though. Different brokers have different policies regarding who gets an allocation and how much they get.

Impossible. Due to the pending orders the stock started trading at $92 as soon as it began trading from the article I read. To get it for $75, you would have had to received an IPO allocation.


Edit: to get it at $68. I also didn't watch the early trading because I was at a conference.

Interesting. I know nothing about this. But I also don't trust the Chinese. I think this is a trap.

I don't trust them either. I'm on my phone so I'm not going to retype why I wouldn't buy it but check out my post in the dc version of this thread if you're interested.