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Olin Corp. Message Board

bully4u2 2 posts  |  Last Activity: 9 hours ago Member since: Jul 28, 1999
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  • Reply to

    Its the options market

    by cash.mccall 13 hours ago

    Alibaba (baba) opened at $92.70. It went up to around $99, then down to a low of $90. It closed at $93.89. The fact that its first closing price was about 38% higher than what it was "priced" at, bears little relationship to it trading price. Do you know anyone who bought it for $68 other than the institutions involved in the original pricing exercise? Everyone else buying it today paid at least $90, and most paid a good bit more.

    In my opinion, it did not do very well today. There was a huge pent up demand but there was little follow through. If I had to forecast, my bet would be that baba will sink lower than today's close over the coming weeks

  • Reply to

    did anyone see $12.23?

    by matrixtrade123 Sep 4, 2014 6:13 PM
    bully4u2 bully4u2 Sep 4, 2014 6:36 PM Flag

    Fidelity shows a low of $12,23 which does not make sense as the Fidelity daily chart shows a low of $12.81 just a few minutes before the close.

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