maybe about Alibaba.com coming IPO. news came out that 85% of the floating shares will be bought out or will be for Institutional investors and some Asian bigwigs, from big chinese investors, Hongkong real estate moguls (2 or 3 of them), to Malaysia tycoon, some big clients of GS, MS, and a Swiss investment house. what is left for public is the mere 15%. in fact jack ma said they already increase the floating shares i think 10% more. Wow Hongkong Stock Exchange will have their hands really very busy, just 15% for public. We have to wait; what you think the closing share price of Alibaba.com on6th Nov. Remember now, this B2B company is very profitable, already has global opertions.
AAPL blew out their earnings and took all big tech with it! That's what is up. The market is looking for affirmation of the recent rebound from summer lows through earnings and it is getting it bigtime! 66% upside surprises for all S&P companies reported to date and almost 95% big tech upside surprises.
GOOG, RIMM, BIDU, YHOO, AMZN all up after hours thanks to AAPL.