Alibaba News Hits London !!!!!!!!!!
New York is close to winning its tug of war with Hong Kong to become the place where Alibaba, the internet giant, goes public.
The online retailer has a relatively low profile outside its native China, but already dwarves Amazon in scale and is expected to reach a value of around $200bn by the end of this year.
Its initial public offering, expected this year, is viewed as a landmark event by New York and Hong Kong, with each city battling for position in the pecking order of global financial centres. New York is vying to maintain its supremacy, while Hong Kong is intent on scaling the ranks.
At one point, Alibaba looked likely to opt for a listing on the Hong Kong stock exchange, in order to capitalise on investors who are familiar with its enormous presence in the Asian market, and help establish the Chinese exchange as a credible alternative for technology IPOs.
Last September, it indicated that it was no longer considering Hong Kong, and would instead opt for New York, which allows a dual-class share structure that will leave the company’s founder, Jack Ma, in control. Even so, the company reportedly kept lobbying Hong Kong behind the scenes, to try to persuade the Asian stock exchange to allow the same sort of rules.
Hopefully, This Brings In Buyers !!!!!!
Does anyone know of a recommendation and price target history site? Yahoo just lists the average price target and history of the recommendations. As far as I'm concerned the most recent recommendations and price targets carry much more weight that those that are months old. I've searched Morningstar and a couple of brokerage houses without any luck.
this mkt will be lousdy for a c[p lof weeks,i do expect fb dto out perform meaning i see 65 as the sort of floor.decent rally in april til the pros sell and go away
Chart shows this goes to at least $74.77 in it's 2nd wave up. It could go further but, watch for a pull back before starting 3rd wave up.
First wave up was $44.80 (11/25) to $57.93 (12/24). Bottom of pull back was $53.53 (1/29).
Sentiment: Strong Buy
i am glad that worked out. i actually mad a mistake in my post (as if you were buying instead of selling--you probably picked up on that). as you may have observed, *false support/ fictitious bids in AH. it's a trip! YES dry powder may be the order of the day. fortunately my short from yesterday is still in full force. finger on the trigger for cover-time.
NEW ACRONYM: DP= "dry powder??" i don't know…have to check for conflicts.
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here's laffuing at you dum sukers
Seems my AHs sale was the right move. M_in_out, it looks like $67.50 on the radar. Below that means "extreme technical weakness," and we could see $66.50 and if macro economic situation excelerates, even $65. I'll be buying around $67.50 but will hold some dry powder if it breaks below.
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